Will solar energy grow in Brazil?

Over the next decade, it’s estimated that solar energy will grow by around 13% every year. Although Brazil is one of the leading adopters of solar PV technology, wide-scale expansion has been hindered by several factors. While Brazil’s solar energy potential is significant, not all corners of the country receive comparable levels of sunshine.

How many solar power plants are there in Brazil?

All signs point to yes. According to statistics from the Operator of the National Electricity System (ONS), there are more than 3,890 active solar power plants in Brazil. Meanwhile, a further 13 large-scale plants are currently under construction. By 2024, Brazil aims to have 1.2 million solar power systems online.

How many solar power systems will Brazil have by 2024?

By 2024, Brazil aims to have 1.2 million solar power systems online. However, these forecasts as conservative estimates. As solar energy costs decrease and regulation becomes relaxed, it’s almost certain that Brazil will up its commitment to solar energy infrastructure projects.

How many solar PV contracts are there in Brazil?

Solar PV participates for the first time in the Leilão de Energia Nova A-4 auction, resulting in 20 large-scale solar PV power contracts. Solar PV reaches its first gigawatt (GW) of cumulative installed capacity in Brazil!

Will Brazil's solar power sector lead the regional market in 2022?

Solar PV picked pace from 2017, with the total capacity increasing to 24.08 GW in 2022. Overall, Brazil's solar power sector has experienced decent growth with its economic recovery since 2017, and it may lead the regional market in the future.

How many solar energy projects are underway in Brazil?

Over the next few years, around 38 active solar energy projects will be underway in Brazil. These projects carry a combined value of more than 8 billion US dollars. As in 2021 and previous years, considerable revenues will be invested in the Minas Gerais region.