Brazil

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.