Solar solar container power supply system in Sao Paulo Brazil

How big is solar energy in Brazil?

Utility scale solar energy in Brazil reached 16.4 GW, while distributed generation from solar accounted for 34 GW in 2024. Investments in utility-scale solar energy projects that have already been approved amount to more than $20 billion. An additional $1 billion has been invested in solar distributed generation since 2012.

What is the largest source of electricity in Brazil in 2024?

In 2024, solar power, when including distributed generation, became the second largest source of electricity in Brazil, surpassing wind power, and reaching almost 50 GW. Utility scale solar energy in Brazil reached 16.4 GW, while distributed generation from solar accounted for 34 GW in 2024.

Why is hydropower a popular energy source in Brazil?

Hydropower has been the leading Brazilian energy source for electricity generation for several decades. This is due to its economic competitiveness and its potential at the national level. Brazil has a generation system with proven capacity of more than 150 GW, with most of the energy coming from hydro, due to Brazil’s abundance of powerful rivers.

How big is Brazil's electricity sector?

Investment in the Brazilian electricity sector is expected to reach over $100 billion by 2029, including utility-scale generation, distributed generation, transmission, and distribution projects. Brazil’s electricity matrix is one of the cleanest in the world and Brazil is committed to continuing its support for renewable energy projects.