Brazil Solar PV Market Analysis by Size, Installed Capacity, Power Generation, Regulations, Key Players and Forecast to 2035
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Brazil Solar PV Market Report Overview
The cumulative installed capacity for solar PV in Brazil was 23,239.9 MW in 2022. It is expected to achieve a CAGR of more than 11% during 2022-2035. The need to achieve energy stability, security of energy supply, and energy independence, combined with the need to minimize carbon footprints is driving countries across the world to explore different renewable energy technologies such as wind, solar, solar PV, and geothermal. Battling climate change is as much a concern for most world governments as achieving energy independence and security. The concern over the reduction of carbon emissions has become prominent in recent years due to the increased use of fossil fuels.
Brazil Solar PV Market Outlook (2022-2035)
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The Brazil solar PV market research report offers comprehensive information and understanding of the solar PV market in Brazil. The report discusses the renewable power market in the country and provides forecasts up to 2035. The report highlights installed capacity and power generation trends from 2010 to 2035 in the country’s solar PV market. Detailed coverage of the renewable energy policy framework governing the market is provided in the report. The report also provides company snapshots of some of the major market participants.
Cumulative Installed Capacity (2022) | 23,239.9 MW |
CAGR (2022-2035) | >11% |
Historical Period | 2010-2022 |
Forecast Period | 2023-2035 |
Key Deal Type | · Asset Transactions
· Partnerships · Venture Financing · Acquisition · Private Equity |
Key Active Plants | · Sol do Setao Solar PV Park
· SSM1&2 Solar PV Park · Luzia Solar PV Park · Bon Nome Solar PV Park · Powertis Pedranopolis I Solar PV Park |
Key Companies | · Centrais Eletricas Brasileiras S.A.
· Companhia Energetica de Minas Gerais SA · BRASELCO Group · Renova Energia S.A. |
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Brazil Solar PV Market Segmentation by Deal Types
The key deal types in the Brazil solar PV market are asset transactions, partnerships, venture financing, acquisition, and private equity among others. In 2022, the solar PV market recorded most of the deals in asset transactions.
Brazil Solar PV Market Analysis, by Deal Types, 2022 (%)
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Major Active Plants in the Brazil Solar PV Market
The major active plants in the Brazil solar PV market are Sol do Setao Solar PV Park, SSM1&2 Solar PV Park, Luzia Solar PV Park, Bon Nome Solar PV Park, and Powertis Pedranopolis I Solar PV Park among others. Sol do Setao Solar PV Park led the solar PV market in Brazil in terms of total capacity contribution in 2023.
Brazil Solar PV Market Analysis, by Active Plants, 2023 (%)
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Brazil Solar PV Market – Competitive Landscape
The key companies in the Brazil solar PV market are Centrais Eletricas Brasileiras S.A., Companhia Energetica de Minas Gerais SA, BRASELCO Group, and Renova Energia S.A.
Centrais Eletricas Brasileiras S.A. – Centrais Eletricas Brasileiras S.A. (Eletrobras), a subsidiary of the Federal Government of Brazil is an electric utility. The company produces electricity using hydro, nuclear, wind, natural gas, oil, coal, solar, and biomass sources. Eletrobras promotes Latin American electric integration, minimizes environmental risks, and studies the hydroelectric potential of the region. The company undertakes the administration of government programs focused on the development of the electric sector, such as the National Program for the Conservation of Electric Energy, the National Program for Universal Access and Use of Electric Energy, and the Program for the Incentive of Alternative Energy Sources. It serves distribution companies, commercial and free customers in Brazil. The company is majorly owned by the Government of Brazil. Eletrobras is headquartered in Rio de Janeiro, Brazil.
Brazil Solar PV Market Analysis, by Companies (%)
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Segments Covered in the Report
Brazil Solar PV Market Deal Type Outlook (2022-2035)
- Asset Transactions
- Partnerships
- Venture Financing
- Acquisition
- Private Equity
Scope
The report analyses Brazil’s solar PV market. The scope of the research includes –
- A brief introduction to global carbon emissions and global primary energy consumption.
- An overview of the country’s renewable power market, highlighting installed capacity trends (2010-2035), generation trends (2010-2035), and installed capacity split by various renewable power sources.
- Detailed overview of the country’s solar PV market with installed capacity and generation trends, and major active and upcoming solar PV projects.
- Deal analysis of the country’s solar PV market.
- Key policies and regulatory framework supporting the development of renewables.
- Snapshots of some of the major market participants in the country.
Reasons to Buy
- The report will enhance your decision-making capability in a more rapid and time-sensitive manner.
- Identify key growth and investment opportunities in the country’s solar PV market.
- Facilitate decision-making based on strong historic and forecast data for the solar PV market.
- Position yourself to gain the maximum advantage of the industry’s growth potential.
- Develop strategies based on the latest regulatory events.
- Identify key partners and business development avenues.
- Understand and respond to your competitors’ business structure, strategy, and prospects.
Companhia Energetica de Minas Gerais SA
Renova Energia S.A
BRASELCO Group
Table of Contents
Table
Figures
Frequently asked questions
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What was the Brazil solar PV market cumulative installed capacity in 2022?
The cumulative installed capacity for solar PV in Brazil was 23,239.9 MW in 2022.
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What is the Brazil solar PV market growth rate?
The Brazil solar PV market is expected to achieve a CAGR of more than 11% during 2022-2035.
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Which is the leading deal type in the Brazil solar PV market?
In 2022, the solar PV market recorded most of the deals in asset transactions.
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What are the key companies in the Brazil solar PV market?
The key companies in the Brazil solar PV market are Engie Centrais Eletricas Brasileiras S.A., Companhia Energetica de Minas Gerais SA, BRASELCO Group, and Renova Energia S.A.
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