Brazil relies largely on hydro power, but due to droughts and a lack of viable sites for building additional hydro power plants to satisfy rising energy needs, the country is looking to diversify its electricity mix.
Although there is tough price competition with solar and onshore wind, offshore wind has several benefits – proximity to major coastal population centres, ability to install at scale and possibility to complement existing skills and infrastructure from the oil and gas sector.
Aegir Insights' forecasts currently indicate LCoE-levels of ~55-75 EUR/MWh for fixed-bottom projects in 2028 and ~95-105 EUR/MWh for floating projects in 2030.*
Today we publish our Brazil market report, available to subscribers to Aegir Insights' offshore wind analytics service. Reach out to learn about our offshore wind market intelligence service.
*Based on Aegir Insight’s reference sites and applying regular market assumptions. Substantial uncertainty remains in new markets due to supply chain and market factors such as cost of capital.
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