Brazil Power EPC Market Size | Mordor Intelligence
In August 2022, for the deployment of the Barcarena thermal plant in Brazil''s Pará state, New Fortress Energy (NFE) signed an engineering,
The Brazilian power EPC market is moderately fragmented due to several companies operating in the industry. The key players in the market (not in particular order) include Fluor Daniel Brasil, Ltda, General Electric Company, ENEL SpA, Canadian Solar Inc., and Siemens Renewable Energy SA.
Brazil Power EPC analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download. Brazil Power EPC Market is poised to grow at a CAGR of 7.5% by 2027. Increasing solar capacity and the development of new projects in the power sector is expected to drive the market.
EPC, which stands for engineering-procurement-construction, is a turnkey activity in which a business handles the full design, material procurement, and construction of a power project. Thus, EPC firms provide this full spectrum of services. The Brazilian power EPC market is segmented by type.
In May 2022, solar projects with a total capacity of 166 MW won the latest renewables auction in Brazil, according to the energy regulator EPE. The A-4 new energy auction granted a total of 947.9 MW of renewable energy, with thermoelectric energy receiving 409 MW between two projects and solar PV receiving only five awards.
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