Report: Over 25% Of Brazil’s Total Power Capacity Will Come From Non-Hydro Renewable Sources By 2025

Posted by NAW Staff on November 19, 2015 No Comments
Categories : FYI

Brazil's non-hydro renewable power sector is expected to account for more than 25% of Brazil's total capacity by 2025, with non-hydro renewables' cumulative installed capacity more than tripling from 17.1 GW in 2014 to an estimated 57.8 GW by 2025, according to research and consulting firm GlobalData.

GobalData says the growth will be driven by Brazilian government initiatives focusing on the expansion of its generation capacity, especially in the wind, biomass, and solar energy segments, in order to meet increasing power demand.

According to Chiradeep Chatterjee, GlobalData's senior analyst covering power, reasons for the predicted surge in demand involve increasing trends in both gross domestic product (GDP) and population, as past consumption trends have demonstrated.

Brazil's annual consumption increased from 331.6 TWh in 2000 to 505.5 TWh in 2014, at a compound annual growth rate (CAGR) of 3.1%. By 2019, annual consumption is expected to reach 538.4 TWh.

Brazil's economy is one of the fastest growing in the world, Chatterjee notes, with GDP growing from $263.8 billion in 2000 to $401.5 billion in 2014 and driving increased consumption.

‘Brazil generates power from a diverse range of sources, with hydropower accounting for the majority of the country's requirements,’ he says. ‘Although a large amount of hydropower capacity has been developed in Brazil, with a cumulative installed capacity of 89 GW in 2014, additional capacity remains to be developed.’

Although hydropower is the largest source of electricity in Brazil, its relative share will decline from 66.9% of total installed capacity in 2014 to 54.7% by 2025.

GlobalData also states that both wind and biomass technologies have been developed substantially in Brazil over recent years, and there is significant potential for further development.

‘Onshore wind capacity is expected to increase at a CAGR of around 15% between 2015 and 2025, although no offshore wind additions are forecast,’ he notes.

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