Brazil hits 7.5 GW of installed solar capacity in 2020

Brazil's Furnas PV DG array

January 11 (Renewables Now) - Brazil's installed solar power generation capacity has hit 7.5 GW last year for an annual growth of 64%, local media reported, citing data from local solar power association ABSOLAR.

Distributed generation (DG) has taken the country's lead with 4.4 GW new installations, while centralised solar accounts for up to 3.1 GW of new capacity, equivalent to 1.6% of the national electrical mix.

In 2020, Brazilian solar projects have attracted total investments of BRL 13 billion (USD 2.3bn/EUR 1.9bn). This represents a 52% increase when compared to the accumulated investments in the country since 2012.

Last year alone, the photovoltaic (PV) solar market provided more than BRL 3.9 billion in collection to public coffers, an increase of 52% in relation to the amount gathered between 2012 and 2019.

(BRL 1.0 = USD 0.182/EUR 0.150)

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Lucas is based in Brazil. He joined Renewables Now to expand coverage of the Ibero-American market, a highly attractive destination for green energy investment.

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