In two years, the number of solar panel installations has increased from 7,400 to 49,000 units throughout Brazil. The high cost of electricity and the reduction in the cost of equipment are some of the reasons for the rapid expansion of the technology. One of the projects that demonstrates this rapid growth is the project being implemented at Cadeg, in Benfica. More than five thousand photovoltaic panels form the largest solar roof in the capital of Rio de Janeiro.
A study conducted by the Institute of Applied Economic Research (Ipea) shows that Brazil is fulfilling its commitment to invest in clean and renewable energy sources, in line with the goals set by the UN. According to Ipea expert José Mauro de Morais, the share of all renewable sources in the Brazilian energy matrix is 43% — and worldwide, 18%.
