Renewables Accounted for 84% of Power Generated in Brazil in 1H 2023

The country’s installed generation capacity grew 5.1 GW in the first six months


Renewable sources accounted for 83.64% of the 193.9 GW of power generated in Brazil between January and June this year, according to data released by the country’s National Electric Energy Agency (ANEEL).

Brazil’s installed electricity generation capacity increased by 5.1 GW during the first half of 2023.

With the growth in the deployment of clean energy sources, 83.55% of Brazil’s power matrix was renewables-based by the end of the year’s first half.

The power generated during the period also marks the achievement of the 49.97% growth target set by ANEEL to reach 10.3 GW installed power generation capacity for the year.

In June, 538.1 MW was added to the Brazilian electricity matrix, of which 239.4 MW was installed in Rio Grande do Norte alone.

New power projects were installed in 18 states in the country. A total of 160 power projects were operational during the first six months, of which 67 were wind projects with 2.3 GW capacity which helped produce 44.53% of the total power generated.

ANEEL said 59 were solar photovoltaic projects with a cumulative capacity of 2.2 GW, contributing 42.76% to the 5.1 GW power generated during January-June.

According to a recent analysis by Wood Mackenzie, Brazil’s wind turbine order intake reached a record high during the first quarter of 2023 due to the increasing demand.

Many companies across Brazil have also started taking up renewable projects with higher capacities.

In April this year, ArcelorMittal Brazil, a steel manufacturer, and Casa dos Ventos, a developer of renewable energy projects in Brazil, joined forces to create a joint venture partnership (JV) to build a 554 MW wind power project worth $800 million.

In October 2022, the French energy conglomerate TotalEnergies and Casa dos Ventos announced the creation of a joint venture to develop, build, and operate 12 GW of renewable energy projects in the country. TotalEnergies will hold 34% and CDV 66% shares in the JV and pay $550 million and up to $30 million in earn-out to complete the acquisition.