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.

Read more Latin America news

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...