How Brazil is emerging as a global clean energy leader by Tim Buckley

In world-leading economies such as China, Germany, India and the US, huge investments are being made to position for a low-carbon future. The rationale behind this investment includes the benefits of improved energy security, stronger trade balances, growth in employment and industry leadership, plus the associated environmental gains. In this article, we look at the massive expansion and modernisation of the energy sector in Brazil.

Why is Brazil intriguing?

– Brazil is the 10th largest country in the world in terms of electricity generation;

– In contrast to the very subdued economic growth globally, Brazil continues to grow GDP in excess of 5% annually (clearly holding its own among the four BRIC nations);

– Electricity demand is forecast to grow at +5 per cent annually through to 2020. This means that 5-7GW of new generating capacity will be required each year, putting Brazil behind only China and India in terms of global net new electricity capacity additions;