Brazil’s renewable energy financing rose to BRL 36.3 billion in 2025 but remained well below the 2022 peak, as high interest rates, curtailment, and regulatory uncertainty continued to constrain investment. Distributed solar proved the most resilient segment, while wind power rebounded strongly and energy storage emerged as a growing market despite financing figures that likely understate its expansion.
Financing for renewable energy generation projects in Brazil reached BRL 36.3 billion ($6.6 billion) in 2025, according to a survey by Clean Energy Latin America (CELA), a financial and strategic consulting firm. The total represents a 10.6% increase from 2024 but remains 22% below the record BRL 46.3 billion registered in 2022.
CELA said the renewable energy sector has yet to return to pre-2023 investment levels, as high interest rates, regulatory changes, and ongoing curtailment continue to constrain new project development.
The decline from the 2022 peak has not been uniform across technologies. Distributed solar has proven the most resilient segment, while utility-scale solar faces mounting pressure. Wind power is recovering from a historic low in 2024, and energy storage remains in an early stage of regulatory development.
