24 Nov '15, 4pm

Non-hydro renewable sources to dominate Brazil’s power sector by 2025 https://t.co/uDFxa6VcIK

The company’s report states that this substantial 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 Terawatt hours (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. Chatterjee explains: “Brazil’s economy is one of the fastest growing in the world, with GDP growing from $263.8 billion in 2000 to $401.5 billion in 2014 and driving...

Full article: http://www.renewableenergyfocus.com/view/43310/non-hydro-...

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