Brazil Power Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

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).

Brazil Power Market Size and Share

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Brazil Power Market Analysis by Mordor Intelligence

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.

Key Report Takeaways

  • By generation source, hydropower led with 55% of the Brazil power market share in 2024; solar capacity is projected to expand at an 18.2% CAGR to 2030.
  • By voltage level, the 69 to 230 kV high-voltage segment held 45% of the Brazil power market size in 2024, while the above 230 kV extra-high segment is advancing at a 9.65% CAGR through 2030.

Segment Analysis

By Generation Source: Renewable Dominance Intensifies

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.

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Note: Segment shares of all individual segments available upon report purchase

By Voltage Level: Extra-High Networks Expand Rapidly

High-voltage lines between 69 kV and 230 kV commanded 45% of the Brazil power market share for transmission assets in 2024. The above 230 kV category, a proxy for long-haul inter-regional highways, is forecast to show a 9.7% CAGR through 2030 as new corridors evacuate surplus renewables from the Northeast. The Brazil power market size of the extra-high segment is set to reach nearly 80,000 km by 2030.

Capital expenditure appetite has broadened beyond legacy state utilities, with private consortia winning 78% of auctioned line-km since 2021. Digital substations, synchrophasor deployment, and flexible alternating-current technology support stability on corridors that already move more than 11 GW from the North to the Southeast. New routes often integrate fiber-optic conduits, creating incremental revenue streams for concessionaires.

Geography Analysis

The Northeast led renewables additions, holding 47% of new wind and solar capacity in 2024 and recording the lowest weighted-average generation cost nationwide. State governments in Bahia, Rio Grande do Norte, and Piauí align their fiscal incentives with federal auctions, accelerating pipeline financing. As Brazil's power market continues to climb, policymakers prioritize port upgrades to handle nacelles and blades for turbines exceeding 6 MW.

The Southeast still accounts for nearly 55% of total demand, anchored by mining, metallurgy, and a rapidly expanding hyperscale data-center footprint. Hydropower reservoirs in Minas Gerais and São Paulo stabilize frequency and voltage, while gas-fired peakers in Rio de Janeiro backstop peaking demand. Rising corporate procurement of green power boosts behind-the-meter solar at industrial parks, improving grid flexibility and lowering transmission losses.

Population density is lower in the North and Central-West, yet these regions host large-scale hydro and biomass complexes adjacent to agricultural frontiers. Inter-basin transmission upgrades enable energy exchanges that optimize reservoir inflows during dry seasons. Further south, Paraná and Santa Catarina leverage distributed small hydropower plants and rising rooftop PV saturation. Local distribution utilities pilot vehicle-to-grid demonstrations that could unlock ancillary service revenues by 2030.

Competitive Landscape

The top five generation groups—Eletrobras, Neoenergia, Engie Brasil, Enel Brasil, and CPFL Energia—controlled a combined 62% of utility-scale capacity in 2024. Following privatization, Eletrobras trimmed its thermal exposure, re-weighted toward refurbished hydro, and achieved a 12.8% return on invested capital. Neoenergia pivoted to onshore wind clusters and secured long-dated PPAs with bauxite smelters, locking in index-linked revenues.

Enel Brasil expanded its distributed generation arm to 1.3 GW of rooftop and ground-mount solar, bundling energy management services for residential consumers. CPFL Energia strengthened its position in the >230 kV segment, winning 1,060 km of lines in the 2024 auction and adopting modular substation designs to cut construction time by 30%. Engie Brasil’s acquisition of biomethane developer Gás Verde adds a circular-economy angle, converting landfill waste to dispatchable power and grid-quality gas.

Foreign strategic investors and infrastructure funds target transmission concessions, attracted by regulated returns averaging 11.6%. Chinese equipment suppliers provide high-voltage hardware under engineering-procurement-construction contracts, while Japanese trading houses offer mezzanine finance for hybrid wind-solar-storage projects. Local pension funds participate in debenture placements that carry tax-exempt status, creating a diversified funding ecosystem.

Brazil Power Industry Leaders

  1. Centrais Elétricas Brasileiras S.A. (Eletrobrás)

  2. Neoenergia SA

  3. Enel Brasil SA

  4. CPFL Energia SA

  5. Engie Brasil Energia SA

  6. *Disclaimer: Major Players sorted in no particular order
Brazil Power Market
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Recent Industry Developments

  • May 2025: Fitch Ratings affirmed Eletrobras at ‘BB’ and revised the outlook to stable, citing improved liquidity and diversified cash flows.
  • March 2025: The Ministry of Mines and Energy published board nominees for Eletrobras, formalizing ongoing corporate governance realignment.
  • October 2024: NEEL awarded 5,850 km of transmission lines across eight lots, attracting USD 4.5 billion in committed investment.
  • August 2024: Eletrobras issued USD 750 million in Rule 144A/Reg S infrastructure bonds, the first under Brazil’s new debenture framework.

Table of Contents for Brazil Power Industry Report

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

7. Market Opportunities & Future Outlook

  • 7.1 White-Space & Unmet-Need Assessment
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Brazil Power Market Report Scope

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 (By Source) Thermal Coal-Fired
Natural Gas-Fired
Oil and Diesel-Fired
Renewables Wind
Solar
Hydro
Biomass and Waste-to-Energy
Nuclear
Power Transmission & Distribution By Voltage Low and Medium Voltage
High Voltage (69 to 230 kV)
Extra-High and Ultra-High Voltage (Above 230 kV)
By Component Transmission Towers and Lines
Substations and Switchgear
Power Transformers
Cables and Conductors
Power Generation (By Source)
Thermal Coal-Fired
Natural Gas-Fired
Oil and Diesel-Fired
Renewables Wind
Solar
Hydro
Biomass and Waste-to-Energy
Nuclear
Power Transmission & Distribution
By Voltage Low and Medium Voltage
High Voltage (69 to 230 kV)
Extra-High and Ultra-High Voltage (Above 230 kV)
By Component Transmission Towers and Lines
Substations and Switchgear
Power Transformers
Cables and Conductors
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Key Questions Answered in the Report

What is the current size of the Brazil power market?

Installed capacity reached 251.06 GW in 2025 and is projected to climb to 369.74 GW by 2030, reflecting an 8.05% CAGR.

Which energy source dominates Brazil’s generation mix?

Hydropower leads with 55% of installed capacity in 2024, giving Brazil one of the cleanest electricity matrices among G20 nations.

What is the fastest-growing generation technology?

Utility-scale and distributed solar are expanding at a 17–19% CAGR between 2025 and 2030, driven by auctions and supportive net-metering rules.

How quickly is the transmission network expanding?

Extra-high-voltage lines above 230 kV are forecast to grow at a 9–10% CAGR through 2030, helped by annual ANEEL auctions and a forthcoming UHVDC link from the Northeast to the Southeast.

How has Eletrobras’ privatization changed market investment dynamics?

Reduced state control unlocked access to global capital, evidenced by a USD 750 million bond in 2024 and strengthened credit metrics that support aggressive bids in generation and T&D concessions.

What role do distributed generation and corporate PPAs play in growth?

Distributed solar installations are on track to reach 37.2 GW by 2031, while data centers, mining, and other large users increasingly sign 24/7 clean-energy PPAs to meet decarbonization goals.

Page last updated on: July 4, 2025

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