Since the year 2012 more than BRL 35 billion ($6.8 billion) has been invested in the solar sector. The capacity in the large-scale segment has reached the 3 GW mark with average prices below $21/MWh. Also in the distributed sector now has surpassed the 4 GW mark with more than BRL 20 billion of investment and residential consumers accounting for more than 70% of all systems installed in Brazil.
The Ministry of Mines and Energy and the state-run Empresa de Pesquisa Energetica (EPE) have introduced the National Energy Plan (PNE). This plan demonstrates that the Brazilian government plans to reach the renewable energy target of around 45% by the year 2050.
However, it’s not as straightforward as it seems. Challenges such as uncertainty and unpredictability loom over the project.. The ministry of energy has said that “ We need to improve price models for electricity, as well as the planning and operation of the electrical system, so it represents the characteristics and uncertainties inherent to each primary source ”.
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