Sany Executive Details Why Brazil’s World-Beating Wind Power Growth Has Slowed
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Brazil’s wind power market is slowing amid grid bottlenecks, high costs and tight financing, testing Chinese renewable energy firms in the country, said an industry executive, who predicted a recovery around 2027.
“From a resource perspective, Brazil is one of the best wind markets globally, especially the Northeast,” Guan Feng, head of Latin America operations at Chinese turbine maker Sany Renewable Energy Co. Ltd. (688349.SH), said in a recent interview with Caixin in São Paulo. Guan described Brazil as a market with clear long-term potential, though it is currently hampered by power transmission bottlenecks and other challenges.
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- 2023：
- Brazil's new wind installations reached a world-record 4.8 GW.
- 2024：
- Brazil's new wind installations fell to 3.3 GW.
- August 2024：
- Goldwind Science & Technology Co. Ltd. began operations at its wind turbine manufacturing base in Bahia, Brazil.
- May 2025：
- Envision Group signed a deal to build Latin America's first zero-carbon industrial park in Brazil.
- June 2025：
- The Central Bank of Brazil raised its benchmark interest rate to 15%.
- June 2025：
- Windey Energy Technology Group Co. Ltd. unveiled a research and development center in Salvador, Bahia, Brazil.
- 2025：
- Sany Renewable Energy signed a supply contract for 5-megawatt wind turbines in Chile.
- Early December 2025：
- TikTok (ByteDance Ltd.) announced plans to invest 200 billion reais ($36 billion) in a data center complex in Ceará, Brazil.
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