Our rating is based on a combination of project pipeline, political and policy support, investor confidence and structural readiness of the country in terms of grid infrastructure, permitting process and local supply chain.
Estimate of installed and operating wind power capacity based on the latest statisitics and measured against the Windpower Intelligence database.
Brazil remains far and away the largest wind power market in Latin America.
Investment is expected to continue apace over the coming years to meet the government’s official target of 28.5GW of capacity by 2026. However, volumes and prices for wind power have been declining at tenders held by energy agency ANEEL.
While investment to date has been concentrated in the arid northeast, developers are increasingly studying the country’s huge potential for offshore wind power.
Licence applications have been presented for more than 9GW of offshore wind, and lawmakers have begun drawing up regulation for the sector.
With six companies now manufacturing wind turbines in Brazil, the industry is able to fulfil local component requirements.
But it still faces grid capacity shortages in some areas.