Brazil to invest USD 133bn to double renewable energy capacity
Jun 22, 2012 - The executive secretary of Brazil's Ministry of Mines and Energy, Marcio Zimmermann, affirmed yesterday that Brazil will invest USD 133 billion (EUR 105.746bn) to install 59,000 MW in renewable energy capacity, doubling its current potential in the segment.
Of the new capacity, 36,000 MW will be hydroelectricity one, 12,000 MW -- biomass and 11,000 MW -- wind.
Zimmermann praised the role of the Brazilian National Social and Economic Development Bank (BNDES) in the development of the country's energy infrastructure. The bank extended BRL 4.28 billion (USD 2.089bn/EUR 1.661bn) to the local power sector between January and April, up 63% year-on-year.