Its installed capacity is now second only to hydro and wind power
Solar power has reached 16.4 GW of installed capacity and is Brazil's third-largest source of electricity, according to a study by the Brazilian Association for Photovoltaic Solar Energy (ABSOLAR).
The country's installed solar capacity is now second only to hydro and wind power, reinforcing Brazil's electricity matrix as clean and renewable. Today, South America's largest country has a renewable energy production capacity of 84%, higher than the global average of 38%.
In addition, according to ABSOLAR, 70% of the solar energy produced in Brazil comes from small systems installed on the roofs of houses, businesses and rural properties. This is reported on the official website of the Brazilian government.
Thanks to the new legal framework for solar power, those who connect to photovoltaic generation in 2022 will not pay taxes until 2045. BNDES, the national development bank, also finances national manufacturers of solar energy equipment.
Photo: the official website of the Brazilian government
"We have made a lot of partnerships with the participants, businessmen and government officials that came in to strengthen the ties and partnerships between our companies. And Cameroon, which is our country, and Africa at large. We know the relationships that have been established between Russia and African countries, Russia and BRIC countries, it make us really sure that something new will come up in Africa, something new in the era of development."