Solar energy is on the rise in Brazil and will receive millionaire investments in 2022

Deepak Gupta January 12, 2022
Updated 2022/01/12 at 6:56 PM

The Brazilian company Elétron Energy plans to invest BRL 900 million in renewable energy projects by 2024, focused on consolidating photovoltaic, wind and hydroelectric solar power projects. The solar energy market has grown about 212% in recent years, generating more than R$ 4.8 billion in investments, according to data from Aneel (National Electric Energy Agency).

For the Brazilian Photovoltaic Solar Energy Association (Absolar), the Brazil has great potential for generating solar electricity, even in places with less sunlight. According to the CEO of Elétron Energy, André Cavalcanti, solar energy has been spreading across the country. He states that self-producing energy consumers generate a financial benefit in the sector charges tariffs.

The growth of the sector can be proven with data from Absolar, the numbers indicate that from 2012 to 2020 the sum of installed power in the national territory increased from 7MW to 7,766MW. Aneel expects that by the year of By 2024, another 1 million consumers should start generating their own energy, with total investments planned for R$ 25.8 billion.Cavalcanti reinforces that Elétron Energy is focused on developing projects for generating renewable sources, mainly photovoltaic solar energy.

Own generation of solar energy

President Jair Bolsonaro sanctioned last Friday (7) the legal framework for own generation of energy, microgeneration and distributed mini-generation. Published in Official Diary of the Union, the law No. 14,300/22 will allow consumers who produce their own energy to pay the TUSD Wire B tariff (Tariff for the Use of the Distribution System) on the distribution of the energy produced.

It is important to point out that those who produce photovoltaic solar energy need to be connected to an energy distributor, which captures the surplus produced, so there will be the payment of the TUSD Fio B. Below you can see the dates for new connection requests to the distribution system:

  • Systems in operation and new requests of up to 500 kW, carried out within 12 months after the publication of law 14.300/22 will also fall under the current rules, at least until 2045.
  • Anyone who requests access to the system between the 13th and 18th month, after the publication of the law, will have eight years to start paying the TUSD Fio B.
  • From the 19th month onwards, the period for starting payments drops to six years.

The Tariff for Use of the Distribution System (TUSD Wire B) is the fixed amount charged by Aneel for the use of the system, which includes costs with installations, maintenance, equipment and components of the distribution network and every consumer who generates their own energy must be connected to a power distributor.

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Source: ClickPetroleo e Gas

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