ArcelorMittal buys majority stake in Brazilian solar holding
Sep 19, 2024 9:29 CESTBrazil has reached a new milestone in the solar energy sector by recently surpassing 45 GW of installed solar photovoltaic (PV) capacity.
The figure includes both large and small-scale plants. According to data from the local solar association Absolar, solar power now makes up 19% of the country's total energy mix.
The market has installed 30.7 GW across distributed generation (DG) systems, making solar the number one choice for self-consumption systems in Brazil. Currently, the technology is used in 99.9% of all on-site DG arrays in the country.
Large-scale solar power plants are responsible for the remaining 14.8 GW.
The rollout of solar energy across Brazil has brought in investments of BRL 211.7 billion (USD 37.3bn/EUR 34.6bn), creating around 1.4 million local jobs, Absolar noted.
(BRL 1.0 = USD 0.177/EUR 0.164)
ArcelorMittal buys majority stake in Brazilian solar holding
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