Statistics released by the Brazilian Solar Photovoltaic Association (Absolar) show that as of February this year, the total installed capacity of photovoltaics in Brazil exceeded the 25 GW mark, accounting for 11.6% of the Brazilian electricity market. The agency pointed out that this value is growing exponentially. In the past year, it has increased from 14.2 GW to 25 GW, an increase of 76%. Since July last year, Brazil's photovoltaic installed capacity has increased by 1 GW per month.
The data also shows that since 2012, Brazil has invested 125.3 billion reais in the photovoltaic power generation industry, generating nearly 39.4 billion reais in revenue, creating 750,200 job opportunities, and reducing greenhouse gas emissions by about 33.4 million tons of carbon dioxide equivalent. At present, photovoltaic power generation is mainly concentrated on small users, with an installed capacity of about 17.2 gigawatts, and a total of about 7.8 gigawatts of large-scale solar power plants. In the past ten years, the number of jobs created and the amount of investment attracted by the two were 517,200 and 88.4 billion thunder respectively. Yar and 233,000, 36.9 billion reais.
The agency pointed out that as one of the countries with the most abundant photovoltaic resources in the world, Brazil's solar energy industry has a bright future, and it can further expand investment and make full use of solar energy to produce green hydrogen (that is, hydrogen produced without using fossil fuels). According to a study by McKinsey Consulting, by 2040, in order to have an electricity system dedicated to the production of green hydrogen (including power generation, transmission lines, fuel production plants and ports, pipelines, storage tanks, etc.), Brazil will need 2000 million dollar investment.