Mordor Intelligence has published a new report on the Brazil Renewable Energy Market, offering a comprehensive analysis of trends, growth drivers, and future projections.
Brazil Renewable Energy Market Introduction
The Brazil Renewable Energy Market size is estimated at 235.62 gigawatt in 2025, and is expected to reach 321.31 gigawatt by 2030, at a (CAGR) of 6.4%. This expansion is fueled by investments in wind and solar energy, supported by favorable government policies and a commitment to diversifying the country’s energy mix.
Brazil Renewable Energy Market Key Trends
Wind Energy Development
Wind energy continues to gain ground across Brazil, particularly in regions with high wind potential. Onshore wind farms dominate due to their lower costs and simpler logistics compared to offshore alternatives. Government policies have prioritized clean energy in new capacity installations, making wind one of the fastest-growing segments in the country’s energy mix.
Solar Energy Expansion
Solar energy is expanding rapidly, driven by favorable solar conditions and regulatory incentives. The net metering policy has played a crucial role, allowing residential and commercial users to generate their own electricity and receive credits for surplus power. This has significantly boosted adoption of rooftop solar systems and spurred the development of large-scale photovoltaic projects.
Hydropower’s Steady Role
Hydropower remains a central part of Brazil’s electricity generation. However, its dominance is gradually decreasing as the country seeks to balance its energy sources. Fluctuations in rainfall and growing concerns about climate variability have prompted a shift toward a more diversified renewable energy portfolio.
Government Support and Market Dynamics
Public policy continues to support renewable energy development through long-term auctions, tax incentives, and financing programs. The shift in focus from traditional hydro sources to wind and solar reflects Brazil’s broader goal of enhancing energy security and reducing environmental impact.
Brazil Renewable Energy Market Segmentation
The Brazilian renewable energy market is segmented by energy source:
- Wind Energy: Onshore wind farms are prevalent, with significant capacity additions planned. Offshore wind projects are under consideration to harness consistent sea winds.
- Solar Energy: Growth is driven by both utility-scale projects and distributed generation, supported by net metering policies.
- Hydropower: While still dominant, its share is gradually declining as other renewables gain prominence.
- Bioenergy and Others: Includes biomass and emerging technologies contributing to the renewable mix.
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Brazil Renewable Energy Market Key Players
Several companies are instrumental in Brazil’s renewable energy landscape:
- CPFL Energias Renováveis SA: Focuses on wind and small hydroelectric projects.
- ENGIE Brazil: Operates across various renewable segments, including wind and solar.
- Eletrobras Furnas: A significant player in hydroelectric power generation.
- Companhia Hidro Elétrica do São Francisco (CHESF): Specializes in hydroelectric projects.
- Omega Geração SA: Invests in wind and solar energy projects.
In the solar sector, key companies include Canadian Solar Inc., Engie SA, JinkoSolar Holding Co. Ltd, Scatec Solar ASA, and Yingli Green Energy Holding Co. Ltd .
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Conclusion
Brazil’s renewable energy market is on an upward trajectory, with substantial growth expected in wind and solar capacities. Government initiatives, supportive policies, and investments from key industry players are driving this expansion. As the country diversifies its energy portfolio, the renewable sector is set to play a pivotal role in meeting Brazil’s future energy demands and sustainability goals.
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Saudi Arabia Renewable Energy Market: Saudi Arabia Renewable Energy Market Report is Segmented by Type (Solar, Wind, and Other Types [Hydro, Biomass, Etc. ]).
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Peru Renewable Energy Market: Peru Renewable Energy Market is segmented by Source (Bioenergy, Wind, Solar, and Others).
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