Key Market Indicators
Brazil's solar capacity is projected to soar to 81,000 megawatts by 2028, up from its current 33,800 megawatts in 2023. This marks an impressive annual growth rate of 13.3 percent. The country's solar supply has seen a remarkable increase, with an average yearly growth of 69.2 percent since 2006. In terms of consumption, Brazil is set to reach 1 exajoule of solar energy by 2028, up from 0.4 exajoules in 2023. This represents a 14 percent annual growth rate. Since 2020, the demand for solar energy in Brazil has surged, rising by an average of 65.3 percent each year.
