Brazil Solar PV Market Analysis by Size, Installed Capacity, Power Generation, Regulations, Key Players and Forecast to 2035

Powered by

All the vital news, analysis, and commentary curated by our industry experts.

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)

Brazil Solar PV Market Outlook (2022-2035)

For more insights on this Brazil solar PV market forecast, download a free report sample

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.

Enquire & Decide Discover the perfect solution for your business needs. Enquire now and let us help you make an informed decision before making a purchase.

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 (%)

Brazil Solar PV Market Analysis, by Deal Types, 2022 (%)

For more insights on deal types in the Brazil solar PV market, download a free report sample

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 (%)

Brazil Solar PV Market Analysis, by Active Plants, 2023 (%)

For more insights on active plants in the Brazil solar PV market, download a free report sample

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 (%)

Brazil Solar PV Market Analysis, by Companies (%)

For more insights on companies in the Brazil solar PV market, download a free report sample

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.

Centrais Eletricas Brasileiras S.A
Companhia Energetica de Minas Gerais SA
Renova Energia S.A
BRASELCO Group

Table of Contents

Table of Contents

List of Tables

List of Figures

1. Introduction

1.1 Carbon Dioxide Emissions, Global, 2001–2022

1.2 Primary Energy Consumption, Global, 2001–2022

1.3 Report Guidance

2. Renewable Power Market, Brazil

2.1 Renewable Power Market, Brazil, Installed Capacity, 2010-2035

– Renewable Power Market, Brazil, Cumulative Installed Capacity by Source, 2010-2035

– Renewable Power Market, Brazil, Cumulative Installed Capacity Share by Source, 2022 and 2035

– Renewable Power Market, Brazil, Net Capacity Additions by Source, 2023-2035

– Renewable Power Market, Brazil, Capacity Growth by Source, 2022-2035

2.2 Renewable Power Market, Brazil, Power Generation, 2010-2035

– Renewable Power Market, Brazil, Power Generation by Source, 2010-2035

– Renewable Power Market, Brazil, Growth in Power Generation by Source, 2022-2035

3. Solar PV Market, Brazil

3.1 Solar PV Market, Brazil, Installed Capacity, 2010-2035

3.2 Solar PV Market, Brazil, Power Generation, 2010-2035

3.3 Solar PV Market, Brazil, Market Size, 2010-2030

3.4 Solar PV Market, Brazil, Power Plants

– Solar PV Market, Brazil, Major Active Plants

– Solar PV Market, Brazil, Snapshot of Upcoming Plants

– Solar PV Market, Brazil, Key Under-construction Projects

3.5 Solar PV Market, Brazil, Deal Analysis, 2022

– Solar PV Market, Brazil, Deal Volume vs. Deal Value, 2010–2022

– Solar PV Market, Brazil, Split by Deal Type, 2022

3.6 Solar PV Module Market, Brazil, 2012-2026

– Solar PV Module Market, Brazil, Market size by Type, 2012-2026

4. Renewable Energy Policy Framework, Brazil

4.1 Renewable Energy Market, Overview

4.2 Policy Snapshot

4.3 Renewable Energy Targets

4.4 Hydrogen Energy

4.5 Auctions

– Energy Auctions

– Auction Analysis

– Brazil’s First Renewable Energy De-Contraction Auction

– Hybrid Renewable Energy Projects to Participate in Energy Auctions

4.6 National Electricity Conservation Program – PROCEL

4.7 National Energy Plan (PNE)

– PNE 2030

– PNE 2050

4.8 10 Year Energy Expansion Plan, (PDE) 2029

4.9 Incentives for Small Hydropower Facilities, Law 9658

4.10 Wind Turbine Component Tax Exemption (Executive Decree 656)

4.11 Net Metering for Distributed Generation

5. Solar PV Power Market, Brazil, Company Profiles

5.1 Centrais Eletricas Brasileiras S.A.

– Centrais Eletricas Brasileiras S.A. – Company Overview

– Centrais Eletricas Brasileiras S.A. – Major Products and Services

– Centrais Eletricas Brasileiras S.A. – Head Office

5.2 Companhia Energetica de Minas Gerais SA

– Companhia Energetica de Minas Gerais SA – Company Overview

– Companhia Energetica de Minas Gerais SA – Major Products and Services

– Companhia Energetica de Minas Gerais SA – Head Office

5.3 Renova Energia S.A.

– Renova Energia S.A. – Company Overview

– Renova Energia S.A. – Major Products and Services

– Renova Energia S.A. – Head Office

5.4 BRASELCO Group

– BRASELCO Group – Company Overview

– BRASELCO Group – Major Products and Services

– BRASELCO Group – Head Office

6. Appendix

6.1 Abbreviations

6.2 Market Definitions

– Power

– Renewable Power

– Installed Capacity

– Electricity Generation

– Electricity Consumption

6.3 Methodology

– Coverage

– Secondary Research

– Primary Research

– Modelling and Forecasting

Contact Us

Table

Table 1: Carbon Dioxide Emissions from Energy Consumption, Global, 2001–2022

Table 2: Primary Energy Consumption, Global, 2001–2022

Table 3: Renewable Power Market, Brazil, Cumulative Installed Capacity by Source (MW), 2010-2035

Table 4: Renewable Power Market, Brazil, Cumulative Installed Capacity Share by Source (%), 2022 and 2035

Table 5: Renewable Power Market, Brazil, Net Capacity Additions by Source (MW), 2023-2035

Table 6: Renewable Power Market, Brazil, Capacity Growth by Source, 2022-2035

Table 7: Renewable Power Market, Brazil, Power Generation by Source (GWh), 2010-2035

Table 8: Renewable Power Market, Brazil, Growth in Power Generation by Source, 2022-2035

Table 9: Solar PV Market, Brazil, Installed Capacity (MW), 2010-2035

Table 10: Solar PV Market, Brazil, Power Generation (GWh), 2010-2035

Table 11: Solar PV Market, Brazil, Market Size ($m), 2010-2030

Table 12: Solar PV Market, Brazil, Major Active Plants

Table 13: Solar PV Market, Brazil, Snapshot of Upcoming Plants

Table 14: Solar PV Market, Brazil, Key Under-construction Projects

Table 15: Solar PV Market, Brazil, Deal Volume vs. Deal Value ($m), 2010–2022

Table 16: Solar PV Market, Brazil, Deals by Type, 2022

Table 17: Solar PV Module Market, Brazil, Crystalline Modules, Market Size ($m), 2012-2026

Table 18: Solar PV Module Market, Brazil, Thin-film Modules, Market Size ($m), 2012-2026

Table 19: Policy Snapshot, Brazil, 2022

Table 20: Brazil, Renewable Auctions, 2015–2022

Table 21: Centrais Eletricas Brasileiras S.A., Major Products and Services

Table 22: Companhia Energetica de Minas Gerais SA, Major Products and Services

Table 23: Renova Energia S.A., Major Products and Services

Table 24: BRASELCO Group, Major Products and Services

Table 25: Abbreviations

Figures

Figure 1: Carbon Dioxide Emissions from Energy Consumption, Global, 2001–2022

Figure 2: Primary Energy Consumption, Global, 2001–2022

Figure 3: Renewable Power Market, Brazil, Cumulative Installed Capacity by Source (MW), 2010-2035

Figure 4: Renewable Power Market, Brazil, Cumulative Installed Capacity Share by Source (%), 2022 and 2035

Figure 5: Renewable Power Market, Brazil, Net Capacity Additions by Source (MW), 2023-2035

Figure 6: Renewable Power Market, Brazil, Capacity Growth by Source, 2022-2035

Figure 7: Renewable Power Market, Brazil, Power Generation by Source (GWh), 2010-2035

Figure 8: Renewable Power Market, Brazil, Growth in Power Generation by Source, 2022-2035

Figure 9: Solar PV Market, Brazil, Installed Capacity (MW), 2010-2035

Figure 10: Solar PV Market, Brazil, Power Generation (GWh), 2010-2035

Figure 11: Solar PV Market, Brazil, Market Size ($m), 2010-2030

Figure 12: Solar PV Market, Brazil, Snapshot of Upcoming Plants

Figure 13: Solar PV Market, Brazil, Deal Volume vs. Deal Value ($m), 2010–2022

Figure 14: Solar PV Market, Brazil, Split by Deal Type (%), 2022

Figure 15: Solar PV Module Market, Brazil, Crystalline Modules, Market Size ($m), 2012-2026

Figure 16: Solar PV Module Market, Brazil, Thin-film Modules, Market Size ($m), 2012-2026

Figure 17: Renewable Auctions, Awarded Capacity (MW), Brazil, 2015-2022

Figure 18: Renewable Auctions, Average Price ($/MWh) by Technology, Brazil, 2017-2022

Frequently asked questions

Brazil Solar PV Market Analysis by Size, Installed Capacity, Power Generation, Regulations, Key Players and Forecast to 2035 thematic reports
Currency USD
$995

Can be used by individual purchaser only

$1,990

Can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company


Undecided about purchasing this report?

Enquire Before Buying Request a Free Sample

Get in touch to find out about multi-purchase discounts

reportstore@globaldata.com
Tel +44 20 7947 2745

Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.

Sample Report

Brazil Solar PV Market Analysis by Size, Installed Capacity, Power Generation, Regulations, Key Players and Forecast to 2035 was curated by the best experts in the industry and we are confident about its unique quality. However, we want you to make the most beneficial decision for your business, so we offer free sample pages to help you:

  • Assess the relevance of the report
  • Evaluate the quality of the report
  • Justify the cost

Download your copy of the sample report and make an informed decision about whether the full report will provide you with the insights and information you need.

Below is a sample report to understand what you are buying

See what our customers are saying

“The GlobalData platform is our go-to tool for intelligence services. GlobalData provides an easy way to access comprehensive intelligence data around multiple sectors, which essentially makes it a one-for-all intelligence platform, for tendering and approaching customers.

GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. The highly detailed project intelligence and forecast reports can be utilised across multiple departments and workflow scopes, from operational to strategic level, and often support strategic decisions. GlobalData Analytics and visualisation solutions has contributed positively when preparing management presentations and strategic papers.”

Business Intelligence & Marketing Manager, SAL Heavy Lift

“COVID-19 has caused significant interference to our business and the COVID-19 intelligence from GlobalData has helped us reach better decisions around strategy. These two highlights have helped enormously to understand the projections into the future concerning our business units, we also utilise the project database to source new projects for Liebherr-Werk to use as an additional source to pitch for new business.”

Market Analyst & Management, Liebherr-Werk

Your daily news has saved me a lot of time and keeps me up-to-date with what is happening in the market, I like that you almost always have a link to the source origin. We also use your market data in our Strategic Business Process to support our business decisions. By having everything in one place on the Intelligence Center it has saved me a lot of time versus looking on different sources, the alert function also helps with this.

Head of Key Accounts, Saab AB

Having used several other market research companies, I find that GlobalData manages to provide that ‘difficult-to-get’ market data that others can’t, as well as very diverse and complete consumer surveys.

Marketing Intelligence Manager, Portugal Foods

Our experience with GlobalData has been very good, from the platform itself to the people. I find that the analysts and the account team have a high level of customer focus and responsiveness and therefore I can always rely on. The platform is more holistic than other providers. It is convenient and almost like a one stop shop. The pricing suite is highly competitive and value for our organisation.

I like reports that inform new segments such as the analysis on generation Z, millennials, the impact of COVID 19 to our banking customers and their new channel habits. Secondly the specialist insight on affluent sector significantly increases our understanding about this group of customers. The combination of those give us depth and breadth of the evolving market.

I’m in the business of answering and helping people make decisions so with the intelligence center I can do that, effectively and efficiently. I can share quickly key insights that answer and satisfy our country stakeholders by giving them many quality studies and primary research about competitive landscape beyond the outlook of our bank. It helps me be seen as an advisory partner and that makes a big difference. A big benefit of our subscription is that no one holds the whole data and because it allows so many people, so many different parts of our organisation have access, it enables all teams to have the same level of knowledge and decision support.

Head of Customer Insight and Research, Standard Chartered

“I know that I can always rely on Globaldata’s work when I’m searching for the right consumer and market insights. I use Globaldata insights to understand the changing market & consumer landscape and help create better taste & wellbeing solutions for our customers in food, beverage and healthcare industries.

Globaldata has the right data and the reports are of very high quality compared to your competitors. Globaldata not only has overall market sizes & consumer insights on food & beverages but also provides insights at the ingredient & flavour level. That is key for B2B companies like Givaudan. This way we understand our customers’ business and also gain insight to our unique industry”

Head of Consumer Sensory Insights, Givaudan

GlobalData provides a great range of information and reports on various sectors that is highly relevant, timely, easy to access and utilise.  The reports and data dashboards help engagement with clients; they provide valuable industry and market insights that can enrich client conversations and can help in the shaping of value propositions. Moreover, using GlobalData products has helped increase my knowledge of the finance sector, the players within it, and the general threats and opportunities.

I find the consumer surveys that are carried out to be extremely beneficial and not something I have seen anywhere else. They provided an insightful view of why and which consumers take (or don’t) particular financial products. This can help shape conversations with clients to ensure they make the right strategic decisions for their business.

One of the challenges I have found is that data in the payments space is often piecemeal. With GD all of the data I need is in one place, but it also comes with additional market reports that provide useful extra context and information. Having the ability to set-up alerts on relevant movements in the industry, be it competitors or customers, and have them emailed directly to me, ensures I get early sight of industry activity and don’t have to search for news.

Senior Account Manager, TSYS

Related reports

View more Power reports
Business and Consumer Services
Global Hiring Activity - Trends and Signals 2023
$399 | January 2024
Business and Consumer Services
Aon - Digital Transformation Strategies
$1,495 | December 2023
Business and Consumer Services
Top Business and Professional Services Foreign Direct Investment Companies
$399 | November 2023
Go even deeper with GlobalData Intelligence Center

Every Company Report we produce is powered by the GlobalData Intelligence Center.

Subscribing to our intelligence platform means you can monitor developments at Brazil Solar PV Market Analysis by Size, Installed Capacity, Power Generation, Regulations, Key Players and Forecast to 2035 in real time.

  • Access a live Brazil Solar PV Market Analysis by Size, Installed Capacity, Power Generation, Regulations, Key Players and Forecast to 2035 dashboard for 12 months, with up-to-the-minute insights.
  • Fuel your decision making with real-time deal coverage and media activity.
  • Turn insights on financials, deals, products and pipelines into powerful agents of commercial advantage.