Release Date: 17-Jun-2013
Brazil wind power sector has been expanding gradually in recent years. The rising electricity demand and government focus on renewable energy has resulted in series of favorable transformation for wind power sector. The Government of Brazil recognizes the importance of wind as an excellent and environment friendly source of energy thereby focusing on growth of wind power sector in the region. The importance of wind power sector in Brazil overall energy matrix is reflected from the fact that wind capacity has grown almost 50% CAGR from 2006 to 2012. The installed wind power capacity in Brazil has grown from under 300 MW in 2006 to more than 2500 MW in 2012 and furtjer to 11 GW by 2018.
One of the main reasons for this promising and fast growth is that Government of Brazil is pushing for development of wind power in a big way. This automatically translates into lucrative opportunities for the domestic and foreign companies interested in wind power. As discussed, the recent auction process has also resulted in a favorite environment for the future expansion of wind power installed capacity in Brazil. The closeness of generation centers and the electricity consumption will also fuel the wind power installed capacity in coming years.
Wind power is also considered a substitute to replace hydropower which is more dependent on rain as compare to wind which is present in abundance in northeast region in Brazil. In fact, the hydro power, which constitutes a majority of power source is now limited for further expansion. The reason is that water becomes a limited resource, especially in the dry and winter seasons in Brazil.
For more information visit: “Brazil Wind Power Sector Opportunity Analysis 2018”