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29.11.24 14:17

Economy

Brazil becomes 6th country to reach 50 GW of solar capacity

From January to October this year, 119 new solar power plants were installed in the country

Brazil has reached the 50 gigawatt (GW) mark for solar power plants in operation, becoming the sixth country to reach this level. This is reported by Toda Palavra, a partner of TV BRICS.

According to data by the Brazilian Association of Photovoltaic Solar Energy (Absolar), small and medium-sized solar complexes account for the majority of the country's energy generation systems, accounting for 33.5 GW of installed capacity. Large solar plants have an output of 16.5 GW.

From January to October 2024, 119 new solar power units were established in the country, adding 4.54 GW of taxed electricity in Brazil.

Solar energy represents around 20.7 per cent of the installed capacity of the Brazilian electricity system, making it the second most important after hydroelectric power.

Since 2012, solar energy has attracted R$229.7 billion (US$3,8 billion) in investments in Brazil and helped prevent the emission of 60.6 million tonnes of carbon dioxide.

Photo: iStock

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Ferdinand Marcos

President of the Republic of the Philippines

"First, peace, security and stability. [...] We need our joint efforts to contribute to peace and security and to respond promptly to all threats. Second, a more dynamic economic partnership. Our areas of cooperation in trade are developing. We need to act more ambitiously and decisively in order to facilitate trade, economic flows and the expansion of the business community. [...] And third, perhaps one of the most important areas, is our peoples, grants, student exchanges, academic partnerships and tourism. [...] The relationships that are being built between our countries are reflected in the summit declaration, and they provide what policy alone cannot achieve"

Anwar Ibrahim

Prime Minister of Malaysia

"The relations in the last few years have been remarkable. We have seen impressive development, and my visit was – you were fantastic. We see the enormous role that Russia can play not only in Malaysia but also in the developing world, ASEAN and the rest. We are exploring this halal economy and finance. We are now almost finishing the visa abolition arrangement. [...] And then you have also agreed to these flights for tourism, for trade, and connectivity between Malaysia, Moscow, Kazan, and other cities in Russia"

Vladimir Putin

President of the Russian Federation

"This forum, which has brought together leading representatives of the business communities of our country and the ASEAN member states in the hospitable capital of Tatarstan, Kazan, is of particular importance. This year marks the 35th anniversary of Russia–ASEAN relations. During this period, we have accumulated substantial experience in multifaceted cooperation, established strong ties, including between the Association’s Business Advisory Council and the Russia–ASEAN Business Council, and created a solid foundation for the future"

Subrahmanyam Jaishankar

India’s External Affairs Minister

"As Chair, I thank each delegation for their presence and continued commitment to strengthening cooperation within the BRICS framework. […] Development issues remain central. Many countries continue to face challenges on energy, food, fertiliser and health security, as well as access to finances. BRICS can help them respond more effectively. Economic resilience is also key. Reliable supply chains and diversified markets are its essential components. We must focus on both"

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