Solar installations on residences up 2,000% in Brazil in three years
RIO DE JANEIRO, BRAZIL – The data were presented by the Ministry of Mines and Energy (MME) Planning and Development Secretary Paulo César Domingues.
When it comes to electricity, the figures are even higher: 85% of the Brazilian electricity matrix is renewable, against only 20% of the world average.
He added that although Brazil is still very dependent on hydroelectric plants (85% of its electricity comes from hydroelectric sources), the country has been diversifying its matrix. As for solar energy, Brazil now has 10 gigawatts of installed capacity.
“This is equivalent to 70% of Itaipu’s installed capacity,” he said. According to Domingues, there has been a 200% increase in centralized solar energy (solar plants) in 3 years. When it comes to distributed solar energy (panels on rooftops) the growth reaches 2,000%.
Wind energy is another source of power that has been growing in Brazil. There are now over 700 plants installed nationwide. Today, energy from wind power represents 11% of the Brazilian energy matrix.
The secretary also discussed biofuels, of which Brazil is the world’s second largest producer with ethanol and biodiesel.
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Live Market IntelligenceBrazil — Live Market Board
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Brazil — Live Market Board
-0.57%
170,033.63
-0.57%
69,182.39
-0.76%
10,549.62
-1.20%
2,848,945
—
2,498.96
-0.27%
| Instrument | Last | Change | YoY | Prev. | High | Low | Volume |
|---|---|---|---|---|---|---|---|
| IBOV | 170,033.63 | -0.57% | +19.56% | 171,006.10 | 178,526 | 175,157 | — |
| USD/BRL | 5.34 | -1.32% | -0.84% | 5.42 | 5.42 | 5.30 | — |
| SELIC | 13.75% | — | — | — | — | — | |
| PETR4 | 53.31 | -1.06% | +77.70% | 53.88 | 53.70 | 52.83 | 43,239,500 |
| VALE3 | 62.88 | -2.33% | +1.98% | 64.38 | 64.43 | 62.80 | 24,652,300 |
| ITUB4 | 41.42 | -0.67% | +11.30% | 41.70 | 42.60 | 41.15 | 28,160,700 |
| BBDC4 | 15.69 | -1.63% | -13.88% | 15.95 | 16.30 | 15.67 | 65,766,400 |
| BBAS3 | 17.59 | +0.69% | -15.59% | 17.47 | 18.31 | 17.51 | 67,844,600 |
| B3SA3 | 15.27 | +1.33% | +21.71% | 15.07 | 15.78 | 15.20 | 75,282,000 |
| ABEV3 | 15.40 | +0.20% | +26.75% | 15.37 | 15.68 | 15.31 | 27,307,400 |
| WEGE3 | 45.78 | +2.81% | +10.06% | 44.53 | 47.08 | 45.06 | 9,823,200 |
| PRIO3 | 69.21 | -2.71% | +87.14% | 71.14 | 70.98 | 69.15 | 6,663,200 |
| SUZB3 | 47.14 | -0.55% | -3.79% | 47.40 | 47.84 | 46.10 | 7,151,800 |
| RENT3 | 31.14 | -1.67% | -20.73% | 31.67 | 32.68 | 31.02 | 19,092,400 |
| AZZA3 | 16.72 | +1.15% | -42.24% | 16.53 | 17.42 | 16.72 | 4,875,400 |
| CSNA3 | 4.76 | -4.99% | -47.09% | 5.01 | 5.14 | 4.76 | 14,327,900 |
| GGBR4 | 24.87 | -2.28% | +36.28% | 25.45 | 26.20 | 24.79 | 7,507,900 |
| ENEV3 | 26.79 | +0.45% | +49.78% | 26.67 | 27.35 | 26.30 | 12,263,000 |
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