A newly published report on the Brazilian electric power sector, from Business Monitor International (BMI), forecasts that the country will account for over 43 per cent of Latin American region’s power generation by 2015.
Between 2011 and 2020, Brazil’s electricity generation will increase by over 50 per cent, according to the report.
BMI forecasts a rise in the Latin American region’s generation to 1438 TWh by 2015, representing an increase of 14.4 per cent between 2011 and 2015.
In 2010, Latin American thermal power generation in 2010 is assumed to be 449 TWh, accounting for 37 per cent of the total electricity supplied in the region.
The forecast for 2015 is a relatively modest growth of 8.5 per cent to 496TWh, reducing the market share of thermal generation to 34.5 per cent, primarily driven by environmental concerns that are promoting renewable energy, hydroelectricity and nuclear power.
Brazil's thermal generation in 2010 is an estimated 50.6 TWh, or 11.3 per cent of the region’s total thermal generation. By 2015, it is expected to rise to 13.9 per cent.