Brazil Power EPC Market Forecast by 2033

Market Size in 2024: USD 15.8 Billion
Market Forecast in 2033: USD 28.9 Billion
Market Growth Rate 2025-2033: 7.00% CAGR

The Brazil power EPC market was valued at USD 15.8 billion in 2024 and is projected to reach USD 28.9 billion by 2033, expanding at a CAGR of 7.00%. Grid modernisation, pre-salt gas-fired additions and large-scale solar auctions are driving sustained demand for turnkey engineering, procurement and construction services across the generation and T&D segments.

Growth Drivers Powering the Brazil Power EPC Market

Federal Solar and Wind Auctions plus Grid Connection Mandates

The Ministry of Mines and Energy allocated 10.3 GW of renewable capacity in 2024 auctions since winners must commission projects in 36 months and must build related 230 kV transmission lines. Because it pushes EPC contractors into bundling substation civil works with generation parks, ANEEL resolution 1,000/2024 obliges developers to secure grid-connection permits before financial close. The national development bank BNDES approved BRL 18 billion in subsidised credit for solar PV as well as onshore wind EPC contracts during 2024 toward the Northeast transmission expansion programme, which added 3,400 km of new lines. These policy levers transform auction awards to immediate construction demand, giving EPC firms revenue visibility for years, encouraging local contractor plus turbine supplier joint ventures.

Pre-Salt Gas-Fired Power Plants and Industrial Cogeneration

Petrobras, along with its partners, is developing six new gas-fired plants totalling 4.8 GW close to pre-salt clusters. They are using associated gas from what was flared before now. In 2024, the state oil company awarded EPC contracts worth BRL 14 billion. These contracts stipulated combined-cycle configurations for 58% efficiency and zero-liquid discharge systems so that IBAMA environmental licences would be met. Braskem and CSN are industrial players investing simultaneously in cogeneration units fuelled by pre-salt gas. This investment is, in fact, creating just a niche for those EPC contractors who are experienced in high-pressure steam turbines and also 230 kV interconnection substations. The predictable feedstock profile, along with long-term power-purchase agreements, reduces fuel-price risk, which enables contractors to offer lump-sum turnkey pricing to accelerate project financial close.

Privatisation of Distribution Assets and Smart Grid Retrofits

Eletrobras distribution subsidiaries got privatised by the federal government in 2024, and new private owners pledged BRL 26 billion toward five-year capital expenditure plans concentrating on loss-reduction plus smart-grid roll-outs. ONS forecasts do indicate that 13 million smart meters must be installed by 2029, as well as 2,100 km of underground cabling in metropolitan areas. Because EPC contracts now include SCADA, advanced metering infrastructure, and cybersecurity layers, they encourage customary contractors in order to partner with technology vendors. Since it ensures steady maintenance and upgrade revenues for contractors in the delivery of grid reliability improvements, performance-based remuneration links 15% of EPC payments to both SAIDI and SAIFI targets.

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Brazil Power EPC Market Segmentation

Analysis by Generation Source

• Thermal
• Gas
• Renewable
• Nuclear
• Others

Analysis by Region

• Southeast
• South
• Northeast
• North
• Central-West

Competitive Landscape

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Brazil Power EPC Market News

• June 2025: Andrade Gutierrez and Siemens Energy sign BRL 3.2 billion EPC contract for a 1.2 GW combined-cycle plant in Maranhão, fired by pre-salt gas and scheduled online in 2028.
• April 2025: State grid operator ONS approves the world's longest 600 kV HVDC transmission line in the Amazon, spanning 2,500 km and opening bids for EPC packages worth BRL 15 billion.
• March 2025: Neoenergia begins installing 2.3 million smart meters across Bahia and Pernambuco under a BRL 1.8 billion EPC agreement that includes fibre-optic communication and cyber-protection suites.
• February 2025: The Ministry of Mines and Energy launches a dedicated offshore wind roadmap, expecting 16 GW of leases and prompting EPC firms to set up floating foundation assembly yards in Rio Grande do Sul.

Key highlights of the Report:

• Market Performance (2019-2024)
• Market Outlook (2025-2033)
• COVID-19 Impact on the Market
• Porter’s Five Forces Analysis
• Strategic Recommendations
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as part of the customization.

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