| Study Period | 2019 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Market Volume (2025) | 255.84 gigawatt |
| Market Volume (2030) | 359.84 gigawatt |
| CAGR | 7.06 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Brazil Power Market Analysis
The Brazil Power Market size is estimated at 255.84 gigawatt in 2025, and is expected to reach 359.84 gigawatt by 2030, at a CAGR of 7.06% during the forecast period (2025-2030).
Brazil's power sector is undergoing a significant transformation driven by the increasing adoption of renewable power sources and substantial infrastructure investments. According to the Brazilian Ministry of Mines and Energy, 93.1% of Brazil's power generation in 2023 came from renewable power sources, primarily hydro, solar power PV, and wind power. The government's commitment to clean energy is reflected in its ambitious National Energy Plan, which aims to achieve a renewable energy target of around 45% by 2030. The Ministry of Mines and Energy and the state-run Empresa de Pesquisa Energética (EPE) agency's strategy demonstrates Brazil's dedication to sustainable power generation while ensuring energy security through diversification.
The power transmission and power distribution infrastructure is experiencing substantial expansion to accommodate the growing energy demands. In April 2024, the Ministry of Mines and Energy announced the signing of energy transmission contracts worth USD 2.71 billion, which includes an expansion of 4,471 km of transmission lines and substations with a transformation capacity of 9,840 MVA. The Brazilian government's commitment to grid modernization is further evidenced by EPE's Ten-year Development Plan for 2032, which allocates USD 30 billion for transmission network expansion during 2024-33, with 70% dedicated to line projects and 30% to substation projects.
The distributed generation sector has witnessed remarkable growth, revolutionizing Brazil's power landscape. As of May 2024, the number of distributed power generation connections reached 2.61 million with a total capacity of 29,345.5 megawatts, according to the Brazilian Electricity Regulatory Agency (ANEEL). The sector's dynamism is further demonstrated by ANEEL's data showing that in 2023, Brazil installed 291 power plants with 10.3 gigawatts of installed capacity, with 83.67% of these plants being renewable power facilities. Almost 90% of this expansion was driven by wind power and solar power generation, which together contributed 8.9 GW of power.
The market is experiencing significant private sector participation and investment in renewable power projects. In February 2024, Statkraft inaugurated its largest wind power farm outside Europe, the 519 MW Ventos de Santa Eugênia Wind Complex in Bahia, Brazil, which will be among the first hybrid projects in Brazil when combined with a planned 163 MW solar power farm. The investment landscape remains robust, with the Ministry of Mines and Energy projecting that investment in the Brazilian electricity sector, including utility-scale generation, distributed generation, and transmission projects, is expected to reach USD 94 billion by 2029. This substantial investment pipeline indicates strong market confidence and sets the stage for continued growth in Brazil's power sector.
Brazil Power Market Trends
Increasing Investment in Distributed Power Generation
Brazil's distributed power generation sector has witnessed remarkable growth, driven by supportive government policies and increasing private sector investments. According to the Brazilian Electricity Regulatory Agency (ANEEL), as of May 2024, the number of distributed power generation connections reached 2.61 million with a total capacity of 29,345.5 megawatts. The sector demonstrated robust growth in 2023, achieving the highest amount of installed distributed power with 8,327 MW, representing an increase of 1.8% from 2022. With 2,808 MW of capacity already installed as of May 2024, the growth of micro and mini-distributed generation (MMDG) in Brazil is expected to reach a total installed capacity of 30,200 MW by the end of the year. Solar power dominates the distributed generation landscape, with 2.60 million connections amounting to 29,075 MW of cumulative capacity as of May 2024.
The investment landscape in power generation has been particularly dynamic, with significant commitments from both domestic and international players. In October 2023, the Brazilian Association of Distributed Generation (ABGD) projected investments of USD 7.7 billion in the distributed power generation sector by the end of 2024. This projection was reinforced by strategic partnerships such as mining-focused investment fund Appian Capital Advisory LLP's collaboration with Detronic Energia to develop 20 solar power parks with a combined capacity of 62.4 MWp, with construction scheduled to begin in the second quarter of 2024. Additionally, in January 2024, infrastructure investor Squared Capital announced plans to invest up to USD 400 million in Brazilian distributed generation company Origo Energia, funding the development of more than 2 GW of distributed generation solar PV projects across 20 states with an estimated capital expenditure of USD 1.2 billion. These investments are supported by favorable regulatory frameworks, including the Federal Law No. 14,300/2022 (DG Legislative Framework) and ANEEL Normative Resolution No. 482/2012, which have created a stable environment for power generation investments.
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Segment Analysis: Power Generation - Source
Hydropower Segment in Brazil Power Market
Hydropower continues to dominate Brazil's power generation landscape, accounting for approximately 46% of the total installed capacity in 2024. With an installed capacity of around 110 GW, hydropower remains the backbone of Brazil's electricity generation infrastructure. The country's vast network of rivers and favorable topography has enabled the development of major hydroelectric projects, including the Itaipu facility, which is one of the world's largest hydropower plants. The segment's dominance is further reinforced by Brazil's well-established hydroelectric infrastructure, with major facilities operating across key river basins, including the Paraná, Tocantins, and São Francisco rivers. In 2024, several modernization projects are underway to enhance the efficiency and reliability of existing hydropower facilities, demonstrating the country's commitment to maintaining its hydroelectric infrastructure.
Other Sources Segment in Brazil Power Market
The Other Sources segment, comprising wind, solar, and biomass power generation, is experiencing remarkable growth and is projected to expand at an impressive rate of approximately 15% annually from 2024 to 2029. This growth is primarily driven by Brazil's ambitious renewable energy targets and supportive government policies. The segment has witnessed substantial investments in wind and solar projects, particularly in the northeastern region where favorable natural conditions exist. Major energy companies are actively developing new renewable projects, as evidenced by Statkraft's recent inauguration of the 519 MW Ventos de Santa Eugênia Wind Complex in Bahia. The segment's growth is further supported by technological advancements, declining equipment costs, and increasing environmental awareness, making renewable energy sources increasingly attractive for both utility-scale and distributed generation projects.
Remaining Segments in Power Generation Source
The thermal power and nuclear power segments play crucial complementary roles in Brazil's power generation mix. Thermal power plants, primarily utilizing natural gas and biomass, serve as essential backup sources during periods of low hydroelectric generation, ensuring grid stability and power supply reliability. The nuclear power segment, though smaller in capacity, provides consistent baseload power through the Angra nuclear power plants. Both segments are undergoing modernization and expansion, with new gas-fired plants being developed to support the integration of renewable energy sources and the ongoing construction of the Angra 3 nuclear facility. These segments contribute to the diversification of Brazil's energy matrix, reducing dependence on hydropower and supporting the country's energy security objectives.
Segment Analysis: Transmission and Distribution
Distribution Segment in Brazil Power T&D Market
The power distribution segment dominates Brazil's power transmission and distribution market, serving approximately 85 million residential, commercial, and industrial consumers through 102 distribution companies as of 2024. Major private players like ENEL and Iberdrola have established a strong presence in this segment. The Brazilian Association of Electricity Distributors-Abradee Institute has outlined significant expansion plans with projected investments of USD 20 billion between 2023-2026 to enhance the power distribution network and meet growing electricity demand. Distribution companies are actively working on modernizing their power infrastructure, with companies like Neoenergia Coelba launching substantial investment plans worth USD 2.5 billion to expand and reinforce electricity systems by 2027. The segment's dominance is further reinforced by ongoing initiatives to improve service quality and reduce technical losses.
Transmission Segment in Brazil Power T&D Market
The power transmission segment is experiencing rapid growth with ambitious expansion plans to reach approximately 182,000 km of transmission lines by 2024. Brazil's energy agency Empresa de Pesquisa Energética (EPE) has announced a comprehensive Ten-Year Development Plan for 2032 with an investment of USD 30 billion for transmission network expansion during 2024-33, with 70% allocated to line projects and 30% to substation projects. The segment's growth is driven by the need to integrate new renewable energy projects into the power grid and strengthen inter-regional connections. Recent developments include major transmission auctions, such as the December 2023 auction that resulted in contracts worth USD 2.71 billion for expanding 4,471 km of transmission lines and substations with a transformation capacity of 9,840 MVA across multiple states.
Brazil Power Industry Overview
Top Companies in Brazil Power Market
The Brazil power market features a mix of state-owned and private companies, with major players like Engie, Norte Energia, CTG Brasil, Enel, and Petrobras leading the power generation segment. These companies are increasingly focusing on renewable power integration, particularly in solar and wind power development, while maintaining their conventional power generation assets. The market is characterized by significant investments in distributed generation projects and grid modernization initiatives, with companies adopting digital technologies for improved operational efficiency. Strategic partnerships and joint ventures, particularly in renewable energy projects, have become a common trend among market leaders. Companies are also expanding their presence through acquisitions and greenfield projects, while simultaneously investing in research and development for innovative power systems and distribution solutions.
Dynamic Market with Strong Local Players
The Brazilian power market demonstrates a balanced mix of global energy conglomerates and strong local players, with state-owned enterprises maintaining significant market presence alongside private sector participants. The market structure has evolved from predominantly state-owned utilities to a more liberalized environment, attracting substantial foreign investment and expertise. The transmission and distribution segments have witnessed considerable consolidation through privatization initiatives, while the generation segment remains relatively fragmented with multiple players operating across different technologies and geographical regions. Companies are increasingly pursuing vertical integration strategies, particularly in combining generation and distribution capabilities to enhance market position and operational efficiency.
The market has experienced significant merger and acquisition activity, particularly in the renewable energy sector, as companies seek to strengthen their clean energy portfolios and expand their geographical presence. International players have shown strong interest in entering the Brazilian market through strategic acquisitions and partnerships with local companies, bringing advanced technologies and operational expertise. The privatization of state-owned assets has created opportunities for market consolidation, while regulatory frameworks have evolved to encourage competition and private sector participation. Joint ventures and strategic alliances have become increasingly common, particularly in large-scale renewable energy projects and grid modernization initiatives.
Innovation and Sustainability Drive Future Growth
Success in the Brazilian power market increasingly depends on companies' ability to balance traditional power generation with renewable power integration while maintaining operational efficiency and grid reliability. Market incumbents are focusing on modernizing their existing infrastructure, investing in smart grid technologies, and expanding their renewable energy portfolios to maintain their competitive edge. The ability to navigate complex regulatory requirements, particularly in environmental compliance and grid connection standards, has become crucial for market success. Companies are also investing in customer-centric solutions, including distributed generation and energy management systems, to address evolving consumer preferences and maintain market share.
New entrants and emerging players can gain ground by focusing on niche markets, particularly in renewable energy development and innovative grid solutions. The increasing demand for distributed generation creates opportunities for specialized players to establish themselves in specific regional markets or technology segments. Success factors include the ability to form strategic partnerships with established players, access to financing for project development, and expertise in navigating local regulatory requirements. The market's future will be shaped by companies' ability to adapt to evolving environmental regulations, manage grid integration challenges, and develop innovative solutions for energy storage and distribution efficiency.
Brazil Power Market Leaders
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Norte Energia S.A.
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Petróleo Brasileiro S.A.
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Eletrosul Centrais Elétricas SA (CGT Eletrosul)
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Transmissora Aliança de Energia Elétrica SA
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Enel Brasil
- *Disclaimer: Major Players sorted in no particular order
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Brazil Power Market News
- March 2023: Petrobras and Equinor entered an agreement aiming to expand cooperation between the companies to analyze the technical, economic, and environmental feasibility of seven offshore wind power generation projects. These projects are projected to have the potential to produce up to 14.5 GW. Initially, it will expand on the scope of two planned wind farms, namely, Aracatu I and II, located on the coast between Rio de Janeiro and Espírito Santo. The new agreement also considers a feasibility study of wind farms in Mangara (on the coast of Piaui); Ibitucatu (on the coast of Ceara); Colibri (on the coast between Rio Grande do Norte and Ceara), as well as Atoba and Ibituassu both on the coast of Rio Grande do Sul. In total, there are seven projects set to run until 2028.
- March 2022: The Government of Brazil signed a cooperation agreement with the Electric Energy Research Center to study new sites for nuclear plants in Brazil. Increasing the share of thermonuclear sources in the country's energy matrix is expected to reduce the impacts of water crises on electricity generation.
Brazil Power Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Scope of the Study
- 1.2 Market Definition
- 1.3 Study Assumptions
2. EXECUTIVE SUMMARY
3. RESEARCH METHODOLOGY
4. MARKET OVERVIEW
- 4.1 Introduction
- 4.2 Power Installed Capacity and Forecast in GW, till 2028
- 4.3 Electricity Generation Mix in Brazil, 2022
- 4.4 List of Major Upcoming Projects, 2022
- 4.5 Recent Trends and Developments
- 4.6 Government Targets, Policies, and Regulations
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4.7 Market Dynamics
- 4.7.1 Drivers
- 4.7.2 Restraints
- 4.8 Supply Chain Analysis
- 4.9 PESTLE Analysis
5. MARKET SEGMENTATION
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5.1 Power Generation
- 5.1.1 Thermal
- 5.1.2 Hydropower
- 5.1.3 Nuclear
- 5.1.4 Non-hydro Renewables
- 5.2 Power Transmission and Distribution (T&D)
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Strategies Adopted by Leading Players
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6.3 Company Profiles
- 6.3.1 Norte Energia SA
- 6.3.2 Petróleo Brasileiro SA
- 6.3.3 Enel Brasil
- 6.3.4 Eletrosul Centrais Elétricas SA (CGT Eletrosul)
- 6.3.5 Transmissora Aliança de Energia Elétrica SA
- 6.3.6 Engie SA
- 6.3.7 Statkraft AA
- 6.3.8 Neoenergia SA
- 6.3.9 Omega Energia SA
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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Brazil Power Industry Segmentation
The Brazil power market includes cumulative power generation installed capacity from thermal, hydroelectric, nuclear, and renewable energy sources.
The Brazilian power market is segmented by power generation (thermal, hydropower, nuclear, and non-hydro renewables) and power transmission and distribution (T&D). For each segment, the market sizing and forecasts have been done based on installed capacity in GW.
| Power Generation | Thermal |
| Hydropower | |
| Nuclear | |
| Non-hydro Renewables |
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Brazil Power Market Research FAQs
How big is the Brazil Power Market?
The Brazil Power Market size is expected to reach 255.84 gigawatt in 2025 and grow at a CAGR of 7.06% to reach 359.84 gigawatt by 2030.
What is the current Brazil Power Market size?
In 2025, the Brazil Power Market size is expected to reach 255.84 gigawatt.
Who are the key players in Brazil Power Market?
Norte Energia S.A., Petróleo Brasileiro S.A., Eletrosul Centrais Elétricas SA (CGT Eletrosul), Transmissora Aliança de Energia Elétrica SA and Enel Brasil are the major companies operating in the Brazil Power Market.
What years does this Brazil Power Market cover, and what was the market size in 2024?
In 2024, the Brazil Power Market size was estimated at 237.78 gigawatt. The report covers the Brazil Power Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Brazil Power Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Brazil Power Market Research
Mordor Intelligence provides a comprehensive analysis of the Brazil power market. We leverage extensive expertise in power systems and the electricity sector. Our detailed report covers the complete spectrum of power generation sources. This includes solar power, wind power, nuclear power, and hydropower. We also examine critical power infrastructure components. The analysis encompasses power transmission and power distribution networks. It includes the evolution of smart grid technology and power grid modernization initiatives across Brazil's diverse energy landscape.
Stakeholders in the industrial power, commercial power, and residential power sectors can access our report PDF for download. They will gain valuable insights into power equipment trends and power utility operations. The report examines power storage solutions and power trading dynamics. It highlights the growing importance of renewable power in Brazil's energy mix. Our analysis covers both wholesale power and retail power markets. It also addresses distributed power systems and thermal power developments. The comprehensive coverage of electric power technologies and power systems enables informed decision-making. Industry participants can better understand Brazil's evolving energy landscape.
