Brazil becomes the 6th largest generator of solar energy
From the Editorial Board|December 5, 2024
With 50 GW of installed capacity, the country consolidates solar energy as the second largest source of the electricity matrix, but faces challenges with the increase in taxes on components
Brazil reached the mark of 50 gigawatts (GW) of installed capacity in solar energy, becoming the 6th largest generator in the world, behind only China, the United States, Germany, India and Japan. The advance places solar energy as the second largest source of the Brazilian electricity matrix, representing 20.7%, surpassed only by hydroelectric, according to data from the Brazilian Association of Photovoltaic Solar Energy (Absolar).
Of the total 50 GW, 33.5 GW comes from small and medium-sized decentralized systems, while large solar plants contribute 16.5 GW. Between January and October 2024, 119 new plants were installed in the country, adding 4.54 GW to the national capacity.
Since 2012, the sector has attracted R$ 229.7 billion in investments and generated R$ 71 billion in tax collection, in addition to avoiding the emission of 60.6 million tons of carbon dioxide (CO₂), reinforcing the role of solar energy in the fight against climate change.
Despite the advances, the sector faces challenges. The recent decision by the Executive Management Committee of the Chamber of Foreign Trade (Gecex) to increase the Import Tax on solar panel components from 9.6% to 25% has raised concerns at Absolar. The association warns that the measure could slow down the growth of the sector and increase costs, although the government defends the initiative as a way to strengthen the national industry and create jobs.
Global leadership in the solar sector
Investments in Brazil reflect a global expansion in the use of solar energy, with the country occupying a prominent position. The installed capacity of other global leaders is:
China: 817 GW
United States: 189.7 GW
Germany: 94.36 GW
India: 92.12 GW
Japan: 90.4 GW