Brazil has emerged as a major player in the global solar energy market, demonstrating impressive growth in recent years. This expansion is driven by various factors, including high electricity tariffs, attractive financing options, and abundant solar resources.
Here’s a closer look at the solar expansion in Brazil:
Growth and statistics
- Installed Capacity:Â Brazil’s installed solar power capacity reached approximately 54 GW by February 2025, accounting for 21.9% of the country’s electricity matrix.
- Distributed Generation (DG):Â DG systems, primarily rooftop solar panels, are a major driving force behind the growth, representing nearly 70% of solar energy in Brazil and expected to reach between 23 GW and 42 GW by 2030.
- Utility-Scale Projects:Â While growing at a slower pace than DG, large-scale solar projects continue to expand, with over $20 billion invested in approved projects.
- Increased Contribution to the Grid:Â In 2024, solar power met a significant portion of Brazil’s electricity demand, reaching up to 40.03% of the total demand at one point. The share of solar in the energy mix is projected to increase from 4.9% in 2025 to 10.7% by 2034.
- Job Creation and Economic Impact:Â The expansion has created over 1.6 million jobs and generated substantial investments in the sector, fostering economic growth and reducing reliance on fossil fuels.
