The renewable energy market in Brazil has become a trendy market for investment in recent years. Private generation of electricity and surplus supply to the grid from renewable energy sources have made the market attractive for investors. In fact, Bloomberg’s New Energy Finance expected Brazil to attract $300 billion USD in infrastructure investment in the next 17 years.

The Renewable Energy Market in Brazil Today

Brazil has already achieved a total installed capacity of over 180 thousand MW in renewable sources, and it continues to expand its renewable energy market. In 2022, hydropower plants produced around 48 thousand MW, while solar and wind sources produced about 10,000 MW combined, from 3,900 solar power plants, and 726 wind farms. Last year, the country was also able to connect 6.5 GW of non-hydro renewable sources.

Investment Opportunities in Brazil's Renewable Energy Market

Investments in Brazil’s renewable energy market are expected to continue growing, with an expected expansion of solar capacity by 10GW and wind energy sector growth of around 30 GW, according to contracts in the final stages. The renewables market is expected to register a CAGR of over 3.8% in the next 4 years.

For instance, this year one of the biggest renewable energy players was able to secure a loan of 210 million USD from the BNDES. This sets a precedent for USD-denominated PPAs. The loan will finance renewable energy projects while reducing the risk of exchange rate fluctuations.

Investment Challenges

As the renewable energy market in Brazil continues to grow, so does the demand for top talent. Executives and project managers are faced with the challenge of finding sustainable energy talent to capitalize on the growth opportunities in the market. Foreign investment in solar, wind, or hydropower projects will require top talent that understands the Brazilian energy market. Whether it’s contractors, a legal team, project managers, or technicians, finding the right talent in a foreign market can be a challenge.

A network of professionals with expertise in the renewable energy sector and an understanding of the local market can help you solve this challenge. This will not only ensure that you have the right team in your organization, but that your investment develops seamlessly. Worldwide Recruitment Energy can help you find the energy talent you need to meet your hiring needs and succeed in this booming market.

Take the first step

Brazil’s renewable energy market is expected to continue growing, with an expected expansion of solar and wind capacity. The Brazilian government, as well as private financing entities, are promoting innovation in the renewable energy sector. As the market grows, the demand for sustainable energy talent grows. Make sure you have the right talent before investing in this booming market.

Sources

The perfect timing to invest in renewables in Brazil | Overview of the sector

BRAZIL RENEWABLE ENERGY MARKET – GROWTH, TRENDS, COVID-19 IMPACT, AND FORECASTS (2023 – 2028)

ATLAS RENEWABLE ENERGY SECURES BNDES’ FIRST US DOLLAR LOAN FOR A RENEWABLE ENERGY PROJECT IN BRAZIL

Renewable News – Brazil highly targeted by investors interested in renewable projects

Brazil solar investments expected to hit over US$9bn this year

Renewables Now – Brazil connects 6.5 GW of non-hydro renewables in 2022

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