Solar energy company brazil

Is Brazil a good producer of solar energy?

Just three years ago, Brazil did not feature among the world’s top producers of solar energy, but by 2023 it had risen to sixth place in the rankings. The pace of growth has been notable: since 2022, the country has added, on average, roughly one gigawatt of solar capacity every month.

Which region has the most solar power in Brazil?

Today, the north-east leads the country’s solar market. According to the Brazilian National Electric Energy Agency (Aneel), the region has accumulated more than 60% of the total power solar capacity that is authorised to operate in the national system (excluding distributed generation).

Will a fee be applied for solar energy in Brazil?

However, Brazil's electricity regulator, Agência Nacional de Energia Elétrica (ANEEL), proposed to apply a fee for solar systems with up to 5 MW of power generation capacity. Further, installing other renewable energy sources such as wind, hydro, and others is expected to hinder the market's growth during the forecast period.

How does solar energy work in Brazil?

In addition, technological advances such as solar tracking systems and single-axis tracking structures help to exploit the high-quality solar resources in Brazil. Wind energy is concentrated in the Northeast and South of Brazil. The first auction in 2009 effectively kick-started the sector’s growth in the country.

How much solar power does Brazil have in 2022?

According IRENA, Brazil's total installed solar energy capacity reached around 24.08 GW in 2022 increased from around 14.19 GW in 2021. The country expects to have 1.2 million solar power generation systems by 2024.

How much solar power does Brazil have?

Brazil has roughly 35 gigawatts (GW) of installed power from photovoltaic (PV) sources, which could grow to 68 GW in the next five years, according to Absolar. Such a development pace would make Brazil the fifth largest solar producer in the world, and the main engine of Latin America's solar generation.