Subscription solar energy grows and generates investments

2023-11-22 13:54:03

Subscription solar energy is booming in Brazil. According to data from Brazilian Solar Energy Association (ABSOLAR), to meet growing demand, the number of plants operating under this model has increased by 250% in the last two years, rising from 1,900 in 2021 to 6,652 currently. And this trend has attracted the attention of large companies in the sector. Among them, Raízen, which operates through the startup Reverde, EDP, which launched its own platform and Axis Renováveis, which operates through the Leve Energia brand, stands out.

In Brazil, the first company to sign a remote self-consumption contract in Distributed Generation was Axis Renováveis, which has been operating in the subscription energy market since 2021 through Leve Energia Renovável. Currently, the company serves residential and business customers in the states of São Paulo and Minas Gerais.

Raízen, in partnership with Grupo Gera, targeted the subscription energy market with the startup Reverde, created at the beginning of this year to serve the states of Minas Gerais and Rio de Janeiro. As for EDP, the service is available through the digital Solar platform, serving companies of all sizes.

The factor that has most influenced the demand for subscription energy is the financial savings that the model brings, as it allows the consumer to reduce their electricity bill by up to 20%, depending on the state and the supplier with which they contracted the service. . Furthermore, no investments are required to install and maintain solar panels, which provides access without any membership costs.

Another advantage is the predictability and flexibility that the consumer has, as they are less dependent on traditional electricity tariff flags. Furthermore, you can negotiate with suppliers, choosing the plan that offers the best conditions for your needs.

The Shared Generation model, in which a single plant serves several homes, has existed since 2012, and was recently sanctioned in law 14,300/2022 and ANEEL Resolution 1,059/23, which made it possible to offer the subscription model. This growth has also been driven by government incentives, such as ICMS exemption for energy credits, which allows the electricity generated to be cheaper than traditional electricity.

How subscription energy works

Companies generate the energy on their farms or solar plants and inject the electricity into the grid. This energy is accounted for in the Electricity Credit Compensation System (SCEE), generating credits that are passed on to the plant’s customers, who receive a direct discount on their electricity bill.

The amount charged for energy credits is cheaper than the Traditional Energy Tariff, offering end consumers an option that, in addition to being economical, is environmentally friendly.

Solar energy on the rise

According to the Brazilian Solar Energy Association (Absolar), during the period from February 2022 to February 2023, significant increases in installed capacity were recorded, rising from 14.2 GW to 26 GW. Over the past few months, since July 2021, the average growth rate has been 1 GW monthly.

To give you an idea, the power installed in the photovoltaic solar source reached the mark of 26 GW, encompassing both large plants and own generation systems on roofs, facades and small plots of land. This value represents 11.6% of the energy matrix installed in the country.

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