<
https://about.bnef.com/blog/small-solar-is-driving-biggest-green-market-in-latin-america/>
"Solar installations are set to jump in Brazil – the Latin American giant
accounting for over 80% of the total clean energy investment in the region last
year. The boom is driven by small-scale plants of 5 megawatts or less. These
catapulted Brazil to the world’s third largest solar market in 2023, after
China and the US, and ahead of countries like Germany and India.
It is a good time for the country to showcase its green credentials. It will
preside over UN’s COP30 climate conference in 2025, and is leading the G20 this
year.
Brazil installed about 17 gigawatts of solar last year, roughly equal to its
entire solar market in 2021. The booming sub-5 megawatt segment is eligible for
net-metering, allowing generators – both households and commercial consumers –
to claim credit for power generated.
Relatively high retail power prices make the net-metering incentives even more
compelling, and enabled Brazil’s small-scale solar sector to take in investment
of more than $17 billion in 2023. It propelled Brazil to the sixth largest
destination for energy transition investments globally, and highest among
emerging markets after China.
President Luiz Inacio Lula da Silva is keen to reposition Brazil as a climate
leader in a bid to boost the economy and shore up his profile abroad and
popularity at home. Even Petrobras, the region’s biggest oil company, is
steering toward green energy."
Via
Fix the News:
<
https://fixthenews.com/good-news-child-deaths-clean-cooking-conservation-southern-ocean/>
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
