Brazil is targeting to further expand its Renewable Energy Program. Power Purchase Agreements have already been awarded to wind power projects totalling nearly 12 GW. Over the past one and a half years, approximately 3 GW of solar projects have been awarded in three consecutive utility scale solar auctions. The government plans to award another 7 GW by 2024.

Market approach

Scatec Solar has signed an agreement with the Brazilian company Kroma Energia Ltda. and its partners ("Kroma"), securing four PV plants totalling 162 MW (DC) co-located in the state of Ceará in Brazil.

More about this market

Brazil’s Ministry of Mines and Energy aim to reach a capacity of 7 GW of solar PV by 2024. The solar market in Brazil has significant long-term potential, and Scatec Solar is well positioned to take part in the development of this market.