According to the power sector regulator Aneel, Brazil has approved 6,504.7 MW of wind, solar, and biomass power facilities to start operating in 2022. In total, the country added 8,235.1 MW of capacity in 2022, far exceeding the goal of 7,625 MW established for the relevant time. Wind farms supplied 2,922.5 MW, while solar and biomass-fired plants supplied 2,677.3 MW and 904.9 MW, respectively. The remaining 1,355.7 MW and 374.6 MW were generated by thermal power facilities using fossil fuels.

Brazil connected 1,175.4 MW of additional capacity in December 2022 alone, according to figures from the watchdog for the power sector. The agency noted that Minas Gerais, with 1,536.1 MW, switched on the majority of new power facilities, 1,176 MW of which were solar. Brazil will enter 2023 with 188,980.9 MW of authorised power, 83.24 per cent of which will originate from renewable sources as a result of the additional additions.

In December 2022, Enerside Energy SA announced that two solar PV projects with a combined capacity of 249 MW will be built in Brazil in 2023. According to a bourse filing, the company received a grid connection authorisation for the 207 MW Pudong I solar project in the state of Ceara. This project had already obtained the necessary environmental and construction licences, and the next steps are to finalise the funding and power purchase agreements. 

REGlobal’s Views: Brazil has been ramping up its renewable energy capacity expansion with a large number of assets installed in 2022 and a huge pipeline under implementation. Brazil’s goal is to achieve a 45% share of renewable energies by 2030 and the country is quickly moving towards that goal to decarbonise its energy mix.