Solar power in Brazil
The total installed solar power in Brazil was estimated at about 14 GW at March 2022, generating approximately 2.48% of the country's electricity demand, up from 0.7% in 2018. In 2020, Brazil was the 14th country in the world in terms of installed solar power (7.8 GW). Brazil expects to have 1.2 million solar power generation systems in the year 2024. Solar energy has great potential in Brazil, with the country having one of the highest levels of insolation in the world at 4.25 to 6.5 sun hours/day. As of 2021, Brazil generated nearly  45% of its electricity from renewable sources. For example, 26% of Brazil's electricity generation came from renewable hydropower. However, this large source of hydropower is located in the north of Brazil, so to meet energy demands in the entire country, other renewable energy systems, such as solar power, are being expanded. History. In 2016, a factory capable of producing 400 MW of solar panels a year opened in Sorocaba in São Paulo, owned by Canadian Solar. A plan to build a solar panel factory in Rio Grande do Norte was announced by the Chinese manufacturer Chint in 2017. in  2020 LONGi Signs Association Agreement for 908 MW of Solar Modules in Brazil. The opening of three major solar farms in Brazil in 2017 altered the solar situation: the 292 MW Nova Olinda Solar Farm in Ribeira do Piauí, Piauí, the 254 MW Ituverava Solar Farm in Tabocas do Brejo Velho, Bahia and the 158 MW Parque Solar Lapa in Bom Jesus da Lapa, Bahia ranked among the largest installations in the world. The total capacity of these three plants was more than ten times the installed total in the entire country in 2015. A total of 1000 MW is  expected to be installed in 2017 with an additional 2000 MW assigned by auctions to be completed in future years. Rapid growth in 2021. In 2021, a number of photovoltaic and financial solutions companies expanded their work in Brazil. Companies such as Absolar, Insole, Trina Solar, Alexandria, and Evolua Energia saw significant growth. In addition, traditional energy companies such as Shell and Norway's Equinor began to get involved. “When we arrived in the country, the market was relatively small and now it's one of the biggest ones in the world," Álvaro García-Maltrás, vice president of Trina Solar  in the Caribbean and Latin America, said in a statement. Evolua Energia concluded its first fundraising of 123mn reais (US$22mn) with a green-labelled real estate receivables certificate. The funds will be used by the company for the construction of new photovoltaic plants in the country until May 2022, with a focus on the shared distributed generation (DG) market. References. 4. http://www.seia.org/research-resources/solar-energy-support-germany-closer-look 5. http://repository.unm.edu/bitstream/handle/1928/15053/Brazil.Solar.Power10.11.pdf?sequence=1&isAllowed=y