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Latin Americas Top Countries In Renewable Energy

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Latin Americas Top Countries In Renewable Energy ( latin-americas-top-countries-in-renewable-energy )

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> 7000 MW OF ADDITIONAL WIND POWER CAPACITY IN THE PIPELINE BRAZIL From wherever you are standing, Brazil is Latin America’s giant. Not only it is the wealthiest country on the continent, accounting for more than 30 per cent of region’s GDP, it is also one of the energy cleanest [30]. In 2013, renewables supplied almost 80 per cent of total electricity generation in the country. Hydropower was the largest source of electricity provision: more than 390,000 GWh of reliable power for Brazilians [31]. Hydroelectricity generation in Brazil is already massive, but only reflects a fraction of its hydropower potential: which is estimated at more than 243 GW. Currently, only about 30 per cent of it is exploited [32]. But it is growing. Under current trends, current hydropower installed capacity will almost double by 2035, covering more than 60 per cent of the total estimated potential [33]. As a source of clean electricity, hydropower has been great for Brazil’s growth. But it has also been a good backdrop for the growth of other renewables too. Hydropower is exceptional in filling the power supply gaps of more variably-reliable renewables [34]. For instance, as wind and hydropower co-habit well in power systems, the combination of these two sources have formed an excellent basis for exploiting the probable 300 GW of wind energy potential available in this Amazonian country [35]. More than 2,200 MW of total installed capacity made Brazil the largest wind energy producer on the Latin American continent in 2013 [31]. Today, there is over 7000 MW of additional wind power capacity in the pipeline, due to come on stream by 2016. It is estimated that the Brazilian wind market is growing at a rate of 2,000 MW per year [36]. This is not so surprising if one sees that the 5-year growth of wind power installed capacity from 2009 to 2013 was 38 per cent annually [31]. In 2012, wind energy powered over four million households, providing two per cent of total national electricity consumption [37]. The wind sector in Brazil employs more than 30,000 people and half of those jobs were created in 2012 [26]. Total clean energy investments over the period of 2006 to 2013 were US$96 billion, representing almost 75 per cent of all investments committed to Latin America during this period [2]. Around 70 per cent of this went into wind [7]. Brazil is comfortably the most attractive country for wind energy investments in the region [10]. Brazil’s wind energy sector has benefited from two key factors: the development of a local value chain for the sector, and a facilitating energy policy that has been able to provide certainty to investors over the long term. Given its rapid market expansion, more and more wind technology manufacturers are choosing Brazil as their manufacturing hub. Multinational companies involved in the business already have production sites there and are further expanding their turbine construction activities [38]. This expansion is bringing with it knock-on business and manufacturing sectors: production and provision of services; manufacturers of gearboxes, generators, blades and turbines; project development, construction and installation services; operation and maintenance providers and power generation [7]. It is expected that by 2016, Brazil will become a manufacturing venue for 100 per cent Brazilian-made turbines, and a major assembler for the much of the Latin America region [38]. Brazilian’s wind sector supply chain is already the continent’s market leader. To a large extent, industrial policy has driven the development of this wind value chain. That’s particularly down to rules being introduced whereby, in order for project developers to access Brazilian Development Bank (BNDES) financing, projects must use domestically made equipment [8]. WWF | Green Energy Leaders: Latin America’s Top Countries In Renewable Energy | Page 18

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