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Renewables, hydro to hit 48% share in Brazil by 2027

Wind farm in Brazil. Author: Otávio Nogueira. License: Creative Commons, Attribution 2.0 Generic

October 29 (Renewables Now) - Renewable energy sources would account for about 48% of the 371 million tonnes of oil equivalent (mtoe) Brazil will be needing in 2027, says a report released last week by the federal energy planning authority EPE.

According to the Ten Year Energy Plan 2027 (PDE 2027), a public consultation on which is open till November 27, Brazil is expected to increase its overall installed power capacity in the National Interconnected System (SIN) by 54.6 GW to a total of 216.29 GW. Renewables will account for about 71% of the new additions.

The table below shows Brazil's estimated renewables capacity in 2027 by plant type.

Technology Capacity in 2027
Wind 26.67 GW
Solar 8.64 GW
Small and mini hydropower (PCH, CGH) 8.87 GW
Biomass and biogas 16.58 GW
Large hydro 103.41 GW

Investments in the energy sector to 2027 are seen to amount to BRL 1.8 trillion (USD 494.1bn/EUR 432.5bn). About 76.1% of that will be in oil and gas, 21.7% in electricity generation and transmission, and 2.3% in biofuels supply, the report says.

(BRL 1 = USD 0.27/EUR 0.24)

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Lucas is based in Brazil. He joined Renewables Now to expand coverage of the Ibero-American market, a highly attractive destination for green energy investment.

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