Latin America
With a power score of 2.53, Brazil ranks number 6 among Emerging Markets and number 1 in the Latin America region
Power score
2.53/5
Score over time
2021 - 2024
Brazil has a power score of 2.53, which puts it at rank 6 in the Emerging Markets power ranking. In comparison to 2023, Brazil has dropped in the power rankings by 1 place, from rank 5, to rank 6.
At 2.53, the power score of Brazil is better than than the regional average of 1.93 in the Latin America region and puts it at rank 1 in the region.
Brazil implements policies in 6/9 power policy categories tracked by Climatescope, including Renewable energy target, Renewable energy auction, Net metering, Import tax incentives, VAT incentives, and Renewable Energy Certificates.
The average electricity price in Brazil has increased from 159.21 USD/MWh in 2022 to 165.83 USD/MWh in 2023. Since 2017, the average electricity price in Brazil has fluctuated between 138.55 USD/MWh (2020) and 183.26 USD/MWh (2017).
The top amount of capacity installed in Brazil in 2023 was in Large Hydro at 38.99%, down from 43.05% in 2022. The technology with the biggest increase in capacity installed in 2023 was Small-scale PV - commercial at 7.01%, up from 4.98% in 2022.
The top amount of electricity generated in Brazil in 2023 was in Large Hydro at 50.35%, down from 52.87% in 2022. The technology with the biggest increase in electricity generated in 2023 was PV at 7.15%, up from 4.45% in 2022.
Investment in clean energy in Brazil was around $10,869.64 million in 2023, a decrease of 14.72% from 2022 ($12,745.61 million). Between 2018 and 2023, the highest investment in clean energy was in 2022 at $12,745.61 million, while the lowest was in 2018 with $3,332.16 million.
Which segments of the power sector are open to private participation?
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Are other PPAs (eg. corporate PPAs) signed in or indexed to U.S. Dollars or Euro?
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Can a C&I (Commercial and Industrial) customer sign a long-term contract (PPA) for clean energy?
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Does the government keep the wholesale price of electricity from fossil fuels artificially low through subsidies?
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Does the government significantly increase the wholesale price of electricity from fossil fuel through targeted taxes and/or carbon prices?
For more information on best practices and climate action, explore the NetZero Pathfinders project by BloombergNEF.