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Report
Brazil Power - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2025 - 2030)
Market Report I 2025-07-01 I 157 Pages I Mordor Intelligence
Brazil Power Market Analysis
The Brazil Power Market size in terms of installed base is expected to grow from 251.06 gigawatt in 2025 to 369.74 gigawatt by 2030, at a CAGR of 8.05% during the forecast period (2025-2030).
Hydropower remains the single-largest source, yet wind and solar additions are accelerating as investors respond to supportive auctions and long-term decarbonization targets. Transmission build-outs, including a planned ultra-high-voltage direct-current link from the Northeast to the Southeast, underpin resource diversification while addressing geographic load imbalances. Privatization of Eletrobras has unlocked access to global capital markets, encouraging private developers to compete in both generation and grid concessions. Distributed generation and corporate power purchase agreements add further momentum, especially for solar, as large industrial and data center consumers seek 24/7 clean supply.
Brazil Power Market Trends and Insights
Privatization of Eletrobras Unlocking Capex Surge in Generation and T&D
Operational metrics improved after the 2022 share sale, and by mid-2024, the utility held USD 5.1 billion in cash, enabling aggressive bids in transmission auctions and brownfield hydro refurbishments. Revenues reached USD 8.5 billion from generation and USD 5.8 billion from transmission in 2024, reflecting stable cash flows and stronger credit ratings. International issuance of USD 750 million infrastructure notes broadened investor reach, while board restructuring in 2025 signaled deeper governance alignment with minority shareholders.[1]
Long-Term Expansion Plan 2032 Prioritizing Non-Hydro Renewables
The national plan embeds targets that lift wind and solar to 45 GW each by 2032, up from a combined 23 GW in 2024. Northeast provinces host almost three-quarters of wind projects, supported by competitive capacity factors and proximity to export-oriented hydrogen hubs. Solar rooftop installations surpassed 1 million systems in early 2025 as households and SMEs leveraged stable net-metering rules. Investment needs of USD 90 billion through 2032 span distributed generation, hydro modernization, and isolated-system electrification.
Drought-Induced Hydrological Risk Impacting Hydro Dominant Mix
Brazil generates 55% of its electricity from hydropower, making it vulnerable to climate variability and drought. As irregular rainfall threatens electricity reliability, Brazil is diversifying its energy sources beyond hydropower. Research suggests that when strategically deployed across regions, hydropower can serve as a virtual battery, complementing wind and solar energy. This challenge is most pronounced in the Southeast and Northeast regions, where past droughts have resulted in energy rationing and a costly dependence on thermal generation.
Other drivers and restraints analyzed in the detailed report include:
Annual Transmission Auctions Catalyzing Grid Expansion across North-Northeast / Net-Metering Law 14.300/2022 Accelerating Distributed Solar Adoption / Environmental Licensing Bottlenecks for Large-Scale Projects /
For complete list of drivers and restraints, kindly check the Table Of Contents.
Segment Analysis
The Brazil power market size for generation reached 230 GW in 2024, with hydropower supplying 55% of output. Wind capacity climbed past 27 GW and utility-scale solar crossed the 10 GW mark, representing the fastest-growing slices of the Brazil power market. Distributed photovoltaic systems added a further 17 GW, underscoring how small-scale assets now complement centralized dams. By 2030, wind and solar together are expected to cross 110 GW, underpinning the 8.05% overall CAGR.
Governance stability and auction-driven long-term contracts have fostered low borrowing costs that benefit renewable bids. Average onshore wind strike prices settled at USD 25/MWh in 2024, while utility solar cleared at below USD 23/MWh, ensuring continued price leadership. Bioenergy remains relevant in sugar-cane-producing states, contributing to baseload supply and balancing seasonal hydro inflows. The diversified mix positions the Brazil power market to maintain its global top-five ranking for clean-energy penetration.
The Brazil Power Market Report is Segmented by Power Generation (Thermal, Renewables, and Nuclear) and Power Transmission and Distribution. The Market Sizes and Forecasts are Provided in Terms of Installed Capacity (GW).
List of Companies Covered in this Report:
Eletrobras (Centrais Eletricas Brasileiras S.A.) / Neoenergia S.A. / Enel Brasil / CPFL Energia S.A. / Engie Brasil Energia S.A. / Omega Energia S.A. / Eneva S.A. / Equatorial Energia S.A. / Cemig (Companhia Energetica de Minas Gerais) / Auren Energia S.A. / State Grid Brazil Holding / Transmissora Alianea de Energia Eletrica S.A. (TAESA) / Norte Energia S.A. / ISA CTEEP / Statkraft Energias Renoveveis| / Brookfield Energia Renovevel / Petrobras (Gas & Power Division) / Voltalia Brasil / EDP Brasil / Votorantim Energia /
Additional Benefits:
The market estimate (ME) sheet in Excel format /
3 months of analyst support /
1 Introduction
1.1 Study Assumptions & Market Definition
1.2 Scope of the Study
2 Research Methodology
3 Executive Summary
4 Market Landscape
4.1 Market Overview
4.2 Electricity Generation Mix (2024)
4.3 List of Major Upcoming Power Projects
4.4 Government Targets, Policies & Regulations
4.5 Market Drivers
4.5.1 Privatization of Eletrobras Unlocking Capex Surge in Generation & T&D
4.5.2 Long-Term Expansion Plan 2032 Prioritizing Non-Hydro Renewables
4.5.3 Annual Transmission Auctions Catalyzing Grid Expansion across North-Northeast
4.5.4 Net-Metering Law (14.300/2022) Accelerating Distributed Solar Adoption
4.5.5 Gas-to-Power Build-out Leveraging Pre-Salt Associated Gas
4.5.6 Corporate PPA Demand for 24/7 Clean Power from Data Centers & Mining
4.6 Market Restraints
4.6.1 Drought-Induced Hydrological Risk Impacting Hydro Dominant Mix
4.6.2 Environmental Licensing Bottlenecks for Large-Scale Projects
4.6.3 FX Volatility Elevating Import Costs of Turbine & HV Equipment
4.6.4 Persistent Technical & Commercial Losses in Northern Distribution Networks
4.7 Supply-Chain Analysis
4.8 Technological Outlook (Grid Digitalization, BESS & Hydrogen-Ready GT)
4.9 Porter's Five Forces Analysis
4.9.1 Bargaining Power of Suppliers
4.9.2 Bargaining Power of Buyers
4.9.3 Threat of New Entrants
4.9.4 Threat of Substitutes
4.9.5 Intensity of Competitive Rivalry
4.10 PESTLE Analysis
5 Market Size & Growth Forecasts
5.1 Power Generation (By Source)
5.1.1 Thermal
5.1.1.1 Coal-Fired
5.1.1.2 Natural Gas-Fired
5.1.1.3 Oil and Diesel-Fired
5.1.2 Renewables
5.1.2.1 Wind
5.1.2.2 Solar
5.1.2.3 Hydro
5.1.2.4 Biomass and Waste-to-Energy
5.1.3 Nuclear
5.2 Power Transmission & Distribution
5.2.1 By Voltage
5.2.1.1 Low and Medium Voltage
5.2.1.2 High Voltage (69 to 230 kV)
5.2.1.3 Extra-High and Ultra-High Voltage (Above 230 kV)
5.2.2 By Component
5.2.2.1 Transmission Towers and Lines
5.2.2.2 Substations and Switchgear
5.2.2.3 Power Transformers
5.2.2.4 Cables and Conductors
6 Competitive Landscape
6.1 Market Concentration
6.2 Strategic Moves (M&A, Partnerships, PPAs)
6.3 Market Share Analysis (Market Rank/Share for key companies)
6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Products & Services, and Recent Developments)
6.4.1 Eletrobras (Centrais Eletricas Brasileiras S.A.)
6.4.2 Neoenergia S.A.
6.4.3 Enel Brasil
6.4.4 CPFL Energia S.A.
6.4.5 Engie Brasil Energia S.A.
6.4.6 Omega Energia S.A.
6.4.7 Eneva S.A.
6.4.8 Equatorial Energia S.A.
6.4.9 Cemig (Companhia Energetica de Minas Gerais)
6.4.10 Auren Energia S.A.
6.4.11 State Grid Brazil Holding
6.4.12 Transmissora Alianea de Energia Eletrica S.A. (TAESA)
6.4.13 Norte Energia S.A.
6.4.14 ISA CTEEP
6.4.15 Statkraft Energias Renoveveis|
6.4.16 Brookfield Energia Renovevel
6.4.17 Petrobras (Gas & Power Division)
6.4.18 Voltalia Brasil
6.4.19 EDP Brasil
6.4.20 Votorantim Energia
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