Brookfield's thesis: there is still a lot of rooftop space for solar GD
The business of installing solar panels on rooftops has grown in recent years at a pace that has surprised technicians in the electric sector and regulators – and is far from exhausted. This is because the main driving force behind these systems – known as distributed energy generation, or “GD” – is the price of the electricity bill, which is not going to stop rising.
The solar panel installation business in Brazil has grown rapidly in recent years, with 3.47 million systems installed, including 405,000 added this year, and a total installed power of 35.9 gigawatts. Sol Agora, a financial company controlled by Brookfield, has provided over R$ 2.2 billion in credit to customers, mostly individuals, and has recently raised R$ 600 million to finance 30,000 new installations.
The company's CEO, Flávio Suchek, believes that the market for distributed generation of energy, or "GD", will continue to grow, driven by rising electricity prices and stable solar equipment costs, with paybacks of 3.5 to 4.5 years in Brazil. Sol Agora expects the market to remain resilient despite changes in legislation and high interest rates, and plans to expand its operations, including the launch of a new asset management company, Sol Tempus Capital.
Written by urgent.news from Brazil Journal's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
