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Brazil exceeds record mark of 12 GW in solar generation – ABSOLAR

RIO DE JANEIRO, BRAZIL - Solar source has attracted over R$60 (US$11) billion in new investments in Brazil since 2012, according to the industry association.

"Large-scale solar plants generate electricity at prices up to 10 times lower than emergency fossil thermoelectric plants or electricity currently imported from neighboring countries, two of the main culprits of tariff increases on consumers," ABSOLAR chairman Rodrigo Sauaia said.

Since 2012, solar generation has prevented the emission of 13.6 million tons of CO2 in electricity generation.

The source represents only 2% of the Brazilian electricity matrix, but the forecast is for growth . . .

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