According to ABSOLAR, the photovoltaic sector collects more than R$217.8 billion in investments. It created more than 1.4 million green jobs in the country.
Amidst the climate crisis in Brazil, the solar energy source has reached 47 gigawatts of installed capacity, and as a result, has already avoided the emission of 57 million tons of carbon dioxide.2 In electricity generation, according to maps from the Brazilian Photovoltaic Association (ABSOLAR)
According to the entity, the photovoltaic sector, including small-scale generation and large-scale plants, has already attracted more than R$217.8 billion in new investments and generated more than 1.4 million green jobs in the country, since 2012. In addition, companies in the sector guarantee revenues of more than R$67.1 billion to the public treasury. The source currently accounts for 19.8% of the Brazilian electricity matrix.
In the agency’s assessment, the climate crisis in Brazil, which is already accumulating billions of dollars in impacts on society, with historic floods and droughts, fires and more spending on public health, has brought a new chapter in the electricity sector: an increase in electricity bills with red flags due to lack of rain and the use of emergency plants.
“This negative situation could be worse without the mitigation of demand and water resources encouraged by non-hydro renewable sources in the matrix, such as solar, wind, biogas and biomass. Without them, tariffs would be higher, the risk to supply would be greater and the air could carry more pollution from burning more fuel,” points out Rodrigo Soaya, CEO of ABSOLAR.
Faced with this increasingly frequent and extreme climate scenario, the Executive Authority points out that it is necessary to expand the diversification of the electrical array. “With more renewable energy generation, it will be possible to save water resources. More water stored in reservoirs enhances security in the electricity sector, to face periods of severe drought and reduce the use of fossil thermal power plants in emergencies,” explained Ronaldo Koloszuk, Chairman of the Board of ABSOLAR. (consultative)
