Brazil

Mission InnovationMission Innovation | Our members | Brazil

Overview

Bento Albuquerque

Minister of State for Mines and Energy
“Innovation is a key element of Brazil’s energy strategy and an integral part of our efforts to untap the huge potential of the country´s clean energy resources. The Brazilian government is prioritizing investment in a range of clean and sustainable energy technologies and combining our efforts with international collaboration, including through Mission Innovation 2.0, will accelerate effective results in the energy transition.”
Ministry of Mines and Energy

Senior Representative

Mr. Thiago Barral, Executive President
Energy Research Office (EPE) / Empresa de Pesquisa Energética

Role in Mission Innovation

News and events

Participation in MI’s first phase

Resources:

Clean Energy Innovation investment (MI 1.0)

Country-determined baseline year: FY 2015
Baseline funding amount: BRL 600 million (USD $150 million)
Doubling target year: FY 2020
Doubling target amount: BRL 1.2 billion (USD $300 million)

Find out more about how Brazil’s baseline and doubling are calculated

*Figures in the spending chart are based on USD exchange rates in 2021.

This is the result of an effort to consolidate and organize investment data about public and public-oriented projects in clean energy. This database includes all projects approved by ANP and ANEEL in 2018 under the investment mandates, as well as BNDES public financing.

For cross-cutting power sector themes, they were allocated only partially as clean energy investments, adopting the % of renewable energy in the Brazilian electricity mix as a proxy.