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. [4] As of 2019, Brazil generated nearly 45% of its energy, or 83% of its electricity, from renewable sources. .
The total installed in Brazil was estimated at 53.9 GW at February 2025, which consists of about 21.9% of the country's electricity matrix. In 2023,. .
In 2016, a factory capable of producing 400 MW of solar panels a year opened in in São Paulo, owned by . A plan to build a solar panel. .
In 2021, a number of photovoltaic and financial solutions companies expanded their work in Brazil. Companies such as Absolar, Insole, , Alexandria, and Evolua Energia saw significant growth. In addition, traditional energy companies such as [pdf]
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