Solar power in Brazil

The total installed solar power in Brazil was estimated at 50.6 GW at December 2024, which consists of about 20.9% of the country's electricity matrix.

[3] Solar energy has great potential in Brazil, with the country having one of the highest levels of insolation in the world at 4.25 to 6.5 sun hours/day.

Companies such as Absolar, Insole, Trina Solar, Alexandria, and Evolua Energia saw significant growth.

[12] "When we arrived in the country, the market was relatively small and now it's one of the biggest ones in the world," Álvaro García-Maltrás, vice president of Trina Solar in the Caribbean and Latin America, said in a statement.

The funds will be used by the company for the construction of new photovoltaic plants in the country until May 2022, with a focus on the shared distributed generation (DG) market.