Market Overview
The Brazil offshore wind market size reached USD 864.19 Million in 2024 and is forecast to reach USD 1,856.87 Million by 2033, growing at a CAGR of 8.87% during 2025-2033. Driven by supportive regulatory frameworks and a large project pipeline, coupled with Brazil’s vast technical potential and international investments, the market is expanding rapidly. Pioneering pilot projects and training initiatives are further increasing market share.
Study Assumption Years
- Base Year: 2024
- Historical Year/Period: 2019-2024
- Forecast Year/Period: 2025-2033
Brazil Offshore Wind Market Key Takeaways
- Current Market Size: USD 864.19 Million (2024)
- CAGR: 8.87% (2025-2033)
- Forecast Period: 2025-2033
- Brazil has a 7,000 km coastline offering ideal conditions for large offshore wind farms, attracting both domestic and international energy firms.
- Government regulatory advances, including Decree 10,946, have created a legal framework boosting investor confidence.
- Technological innovations such as floating platforms and partnerships with companies like Equinor, Iberdrola, and Shell enhance market growth.
- Brazil aims for carbon neutrality by 2050, supporting offshore wind through incentives, public-private partnerships, and streamlined permitting.
- The offshore wind sector is becoming central to Brazil’s clean energy expansion and national energy security.
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Brazil Offshore Wind Market Growth Factors
Brazil’s offshore wind market is nascent but develops rapidly because existing projects and future planned capacities support it. Along Brazil’s 7000 km coastline, the large potential offshore wind market exists especially in the growing Northeast. This attracted domestic and foreign energy companies into investment opportunities within Brazil, and the Brazilian government committed to diversify the energy matrix plus reduce carbon emissions so projects and infrastructure received accelerated investments.
Because the government acted favorably and regulators framed rules, Brazil’s offshore wind sector began to emerge. Decree 10,946, the Regulatory Framework for the Assignment of Areas so that Offshore Renewable Energy Generates, regulates strongly, and it sets a positive environment for investments and projects to develop. Government agencies like the Ministry of Mines and Energy and ANEEL have made permits simpler, shortened environmental license times, and clarified grid integration and maritime regulation use. Furthermore, policies achieve carbon neutrality by 2050. Policies increase space with public-private partnerships plus development bank cooperation. Policies develop domestic industry. Policies could incentivize financing with utility-scale projects.
Technology and international collaboration change Brazil’s offshore wind market through transformation. Consistent winds in Brazil’s deep-water sites become commercially viable due to advanced turbine models, floating foundation technology, and digital grid monitoring. Equinor, Iberdrola and Shell are seasoned developers; partnerships with them ease knowledge and skill transfer, accelerating project implementation. Predictive maintenance and artificial intelligence optimize together based on hydrogen production and storage. These elements extend offshore wind’s scope and penetration during Brazil’s clean energy transition. These changes make offshore wind scalable and sustainable over time.
Brazil Offshore Wind Market Segmentation
Component Insights:
- Turbine
- Substructure
- Electrical Infrastructure
- Others
(Detailed breakup and analysis of market based on component including turbine, substructure, electrical infrastructure, and others.)
Foundation Type Insights:
- Fixed Foundation
- Floating Foundation
(Detailed breakup and analysis based on foundation type, covering fixed and floating foundations.)
Capacity Insights:
- Less Than 5 MW
- Greater than or Equal to 5 MW
(Detailed breakup and analysis of the market based on capacity, including less than 5 MW and 5 MW or more.)
Location Insights:
- Shallow Water
- Transitional Water
- Deep Water
(Detailed breakup and analysis by location covering shallow, transitional, and deep water.)
Regional Insights:
- Southeast
- South
- Northeast
- North
- Central-West
(Comprehensive analysis of major regional markets including Southeast, South, Northeast, North, and Central-West.)
Regional Insights
The Northeast region is a key focus for offshore wind projects due to strong and consistent wind resources that promise high capacity factors. While exact market share or CAGR by region is not explicitly stated, Brazil’s expansive coastline, including the Northeast, supports large-scale development. This region’s active project planning and licensing stage positions it prominently within Brazil’s offshore wind market.
Recent Developments & News
- October 2025: Petrobras launched geophysical and geotechnical survey tenders for its offshore wind pilot project off Rio de Janeiro, focusing on São João da Barra. This advanced site feasibility and foundation design, supporting future renewable projects.
- June 2025: IBAMA issued Brazil’s first offshore wind license for a 24.5 MW pilot project off Rio Grande do Norte, developed by Senai RN. This project fostered technology adaptation, workforce training, and promoted regional economic growth, marking a significant milestone.
Key Players
- Petrobras
- Senai RN
- Equinor
- Iberdrola
- Shell
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