The consultancy Rystad Energy presented projections indicating a possible more intense El Niño in 2024. This raises concerns about the price of electricity in Brazil and South America. This climatic phenomenon has the potential to modify the rainfall regime. This can directly impact hydroelectric plants. Consequently, it may result in greater activation of thermoelectric plants. These plants, which run on fossil fuels, are expensive and harmful to the environment. This could have significant implications for energy consumers in Brazil.
According to data from Portal Solar, the lack of rain and the drop in hydroelectric reservoirs can increase the competitiveness of own solar energy generation on roofs, facades and small plots of land. This offers a viable and profitable alternative for consumers looking for more sustainable and economical energy supply solutions.
Robust growth forecast for solar energy in Brazil in 2024
Rodolfo Meyer is the CEO of Portal Solar. The company has more than 200 units across the country. Furthermore, thousands of photovoltaic systems have already been installed. Meyer believes that the solar energy market is on the verge of a new cycle of robust growth in 2024. He highlights that uncertainty regarding the tariff price for Brazilians next year increases the demand for solar energy as a security measure. supply and cost reduction.
Growth in Demand due to the Heat Wave: Furthermore, the current heat wave affecting Brazil is causing an increase in electricity consumption across the country, putting even more pressure on water resources in the national electricity matrix. This could further boost the search for sustainable energy alternatives.
The consultancy Rystad Energy predicts that El Niño will affect regions of Brazil differently, with more rain in the South, while the North and Northeast may face periods of drought. This will have specific implications for energy supply conditions in each region.
Source: Aline Merladete | agrolink
