Solar power farm in Oliveira dos Brejinhos, Bahia. Photo: Joa Souza/Shutterstock
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 Agency (IEA), investments in carbon-neutral energy, led by solar, are expected to exceed those in fossil fuels for the first time in 2023.
By the numbers. While investments in renewable energy and nuclear technologies are expected to total USD 1.7 trillion this year, oil, gas, and coal-based production will attract USD 1 trillion.
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