Brazil to invest $132bn in renewables and transmission expansions

The Brazilian government said it will invest 269 billion reals ($132.2 billion) in the power generation and transmission sectors over the next 10 years, according to BNamericas.

The investments include expanding hydroelectric generation capacity from 84 GW to 117 GW, wind expansions from 1.4 GW to 15.6 GW, and 117 billion reals ($57.5 billion) in generation projects that are not yet authorized with an additional 95.8 billion reals ($47.1 billion) into already contracted projects, the article said.

Small hydroelectric facilities, biomass, solar and wind power plants will make up 38 percent of the investments, while other hydroelectric projects will comprise the majority at 51 percent, according to the article.

Transmission investments are expected to reach 56 billion reals ($27.5 billion) over the next decade, the article said, with 32 billion reals ($15.7 billion) for projects that are not yet tendered. Brazil’s transmission network is expected to increase by 41,500 km.

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