Brazil plans 3.5GW of solar by 2023

September 15, 2014
Facebook
Twitter
LinkedIn
Reddit
Email

Brazil has released its plans for energy developments for the next ten years, with 3.5GW of solar planned.

Brazil’s Energy Research Company (EPE), a government arm of the Ministry of New and Renewable Energy (MNRE), released the energy expansion plan for up to 2023 last week.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

The plan includes solar power projects to be procured in the country’s up-coming auctions. Brazil’s first energy auction is to be held 30 September and is for all energy sources to compete for national tenders. The later A-3 reserve auction in October will include a solar-only category.

The plan says renewables' contribution to the country’s energy mix is to stay at around 42% until 2023 and will account for 11.5% of all newly installed capacity in 2023.

The EPE report also reveals that Brazil expects to be a major producer and exporter of oil, producing 5 million barrels per day and exporting 1.5 million.

Ethanol production is to grow from 28 billion to 48 billion litres in 2023.

Wind installations will amount to 23GW by 2023 and hydro, 28GW, most of which will take place in the Northern region, including the controversial Belo Monte hydro power plant.

There will be 7.5MW of new thermal electric power plants (coal, oil and gas). Non renewable energy sources are to fall by 1%, from the current 17% for 2014, to 16% of generation by 2023.

The energy infrastructure upgrades and new generation will require BR1.26 trillion in investments over the next ten years.

Oil and gas exploration will account for 62% of investments, 24% of investment will go towards the electricity sector, and 14% towards biofuels.

Brazil’s national election is next month, with renewables and energy taking a lead in debates and all of the main candidates specifying renewables as part of policy plans.  

Last month Brazil’s national development bank (BNDES) also announced funding conditions for energy auctions to help create a domestic PV production chain to encourage domestic PV manufacturing in Brazil.

Read Next

December 5, 2025
BayWa r.e. has sold two of its UK solar farms, which have a combined capacity of 89.9MW, to global asset management firm Capital Dynamics
December 5, 2025
Origis Energy has raised US$265 million in finance from Advantage Capital to support the development of a 305MW solar PV portfolio in the US.
December 5, 2025
WBS Power has sold the 150MW solar, 500MW/2,000MWh BESS Project Jupiter in Brandenburg, Germany, to investor Prime Capital.
December 5, 2025
Over 140 US solar companies have urged Congress to reconsider changes to permitting which they say have resulted in “a nearly complete moratorium” on solar project permits.
Premium
December 5, 2025
In November, the Colorado PUC ordered utility Xcel Energy to provide higher-quality information, and introduce flexible tariffs.
December 4, 2025
High power prices and increased energy storage usage have led to a sharp increase in self-consumption of solar power in Germany since 2022, according to data from the Fraunhofer Institute for Solar Energy Systems (ISE).

Upcoming Events

Upcoming Webinars
December 17, 2025
2pm GMT / 3pm CET
Solar Media Events
February 3, 2026
London, UK
Solar Media Events
March 24, 2026
Dallas, Texas
Solar Media Events
April 15, 2026
Milan, Italy
Solar Media Events
June 16, 2026
Napa, USA