Brazil's PV installed capacity is expected to exceed 20GW by 2035
As a country with large water resources, the current domestic power generation structure is still dominated by hydropower, and hydropower accounts for more than 70% of the power structure. The economic activities in southeastern Brazil are relatively developed. With the progress of urbanization in the region, local electricity demand is increasing. However, in the past ten years, the local rainfall has been relatively low, making hydropower-based power supply facing considerable challenges. In addition, Brazil's domestic environmental protection law enforcement is becoming more and more strict, and the possibility of building new hydropower stations in tropical rain forest areas is becoming less and less. Therefore, increasing efforts to develop solar plant system renewable energy such as solar energy has become the general trend.
Adequate resources suitable for industrial development
Rodriguez, an engineer at the National Electric Power Application Research Institute of Brazil, introduced to a reporter from Science and Technology Daily that Brazil is one of the few countries in the world that has more than 3,000 hours of sunshine per year due to its land area is mostly in low latitude areas and abundant sunlight resources. Brazil also has a large area of land required to install solar power generation equipment, and has the silicon mine required to produce solar power generation equipment, which is very suitable for the development of the solar power generation industry.
In recent years, the Brazilian government has actively promoted the development of the solar energy industry, providing funding and policy support for related infrastructure and projects. According to data provided by Brazil's National Energy Agency, by 2035, the total investment in the power industry in the country will exceed 30 billion U.S. dollars, of which 70% will be invested in renewable energy technologies such as solar photovoltaic, wind power, biomass and ocean energy. It is estimated that by 2035, Brazil can have more than 800,000 sets of solar photovoltaic equipment with an installed capacity of more than 2,000 megawatts.
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