Market roundup: Brazil’s solar power boom - The Brazilian Report
Market roundup: Brazil's solar power boom
Brazil’s solar power generation hits 30 gigawatts
Latin America’s largest economy has just reached 30,400 gigawatts of solar power generation, which includes not only large plants (9.3 GW) but also small, self-generating photovoltaic systems on roofs, facades, and small plots of land (21.1 GW). The total generated is equivalent to 13.7 percent of the country’s energy matrix, according to industry association Absolar.
Why it matters. According to Absolar, since 2012, solar power has brought approximately BRL 150.7 billion in new investments to Brazil, and the trend is set to increase. According to a recent report by the International Energy...
Related Knowledge Center: ENERGY BASICS: solar
Declining costs and government encouragement have resulted in a rapid increase in solar energy production in the United States over the past 10 years, although solar’s share remains small: 1.6 percent of all electricity generation in 2018. That rapid growth is projected to continue.