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Solar Renewable&Important in Future
Projections from the latest report indicate that solar photovoltaic will generate more than 357,000 new Brazilian jobs in 2022, spread across the country. According to the entity’s assessment, the new private investments in the sector could exceed the amount of R$ 50.8 billion in 2022, including both small and medium-scale systems (installed on roofs, building facades, and ground-mounted units) and utility-scale systems (large-scale plants).
According to the analysis, more than 11.9 gigawatts (GW) of installed power will be added, adding up the large-scale plants and their own electricity generation systems. This will represent a growth of more than 91.7% over the current solar PV installed capacity in the country, presently at 13 GW. The prospects are that 2022 will end with a cumulative amount of more than 747,000 jobs generated since 2012, including all value chain segments.
The largest share of these jobs is expected to come from the distributed generation segment, which will account for more than 251,000 jobs this year. Distributed generation will correspond to R$ 40.6 billion out of the R$ 50.8 billion investments planned for this year.
Distributed generation has a projected growth of 105% compared to the cumulative installed capacity of 2021, increasing from 8.3 GW to 17.2 GW. The expected growth in the utility-scale segment will be 67.8%, from the current 4.6 GW to 7.8 GW.
The entity also projects that the Brazilian solar photovoltaic sector will be responsible for a net increase in federal, state, and municipal government revenues of more than R$ 15.8 billion this year. This contributes to the strengthening of public budgets and the provision of better services to Brazilian society. The value already accounts for the savings of consumers in their electricity bills, showing that the economic benefit of the sector also favors the government.
According to the report, could be the best year for solar energy in the history of Brazil since 2012, with the highest growth in the market and the sector in the last decade. According to the analysis of the entity, an own electricity generation grows by leaps and bounds and is expected to practically double the annulled installed operating power, since the recently sanctioned Law nº 14,300/2022 will drive the market demand. In addition, the increase in electricity tariffs continues with rising trends, weighing on the consumer’s pocket, who will seek a solution to reduce expenses.
Related to centralized generation, the strong forecasted market growth is mainly driven by the advance of the solar source in the so-called electricity Free Contracting Environment (ACL), which should be responsible for the largest share of the large power plants with the start of operations expected to 2022.
“We project very robust growth in solar energy this year, driven by the high cost of the electricity bill and the benefits provided to consumers as a definitive solution to guarantee electricity supply at competitive prices. Photovoltaic technology has become increasingly popular in the country, reaching all classes of consumption, and causing a multiplier effect in Brazilian society,” comments Ronaldo Koloszuk.
“Solar is the most competitive renewable source in the country and a real lever for economic, social, and environmental development, generating employment and income, attracting investments, diversifying the electricity matrix, and providing systemic benefits for all Brazilian consumers. Brazil has everything to gain from the source and is advancing to become a great world leader in this sector, which is increasingly strategic in the world,” highlights another official.
Utility-scale renewable capacity additions are expected to increase by 38 GW in 2022 compared with last year, boosted by the array of government targets and policies announced in the wake of the COP26 climate summit in November. Annual investments in solar and wind additions will rise to more than $300 billion, up 20% compared to last year’s total of $240 billion. The annual growth is primarily driven by surging solar PV investments, which are set to rise by 18%, from $117 billion to $138 billion.
As a result, solar PV and wind dominate the expected capacity additions, contributing 85% of the 220 GW to be installed this year. The remaining 15% is split between pumped hydro, battery, solar thermal, and storage. Although battery additions in 2022 will amount to only 12 GW or 6% of total new renewable capacity, this represents a huge jump for the sector as worldwide battery installations are projected to reach a total of 24.6 GW by the end of 2022, a 96% increase over 2021 capacity. The hydrogen pipeline is also set for a large increase this year, with more than 400 megawatts (MW) of capacity additions, a 70% growth on last year.
Out of the 220 GW of renewable energy capacity expected to be installed this year, 195 GW, or 88%, is already under construction, with the rem
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