Brazil set to install 9.3 GW of solar in 2024, says Absolar

Share

From pv magazine Brazil

New forecasts by Absolar, the Brazilian solar energy association, suggest that new investments in the PV sector could exceed BRL 38.9 billion ($7.8 billion) in 2024.

The trade body said the PV sector is expected to generate more than 281.6 thousand new jobs next year, spread across all regions of Brazil, providing more than BRL 11.7 billion of extra revenue for the state budget.

Developers are expected to install more than 9.3 GW of solar capacity in 2024, reaching a cumulative total of over 45.5 GW, up 26% from 36.1 GW at present.

Solar is expected to maintain the same level observed in 2022 and 2023, contributing to the social, economic, and environmental development of the country, according to Ronaldo Koloszuk, president of the board of directors of Absolar, and Rodrigo Sauaia, the CEO of Absolar.

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.

Popular content

Water-spray cooling can improve PV module efficiency by 28% in arid environments
10 March 2026 An Algerian research team has developed a smart water-spray cooling system for PV panels that activates only when temperatures exceed a set threshold...