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GlobalData, an international market research institution, recently released a report that Brazil's renewable energy is expected to grow significantly by 2030, but it will also face the challenges
of low power demand growth and insufficient grid coverage.
Together with bioenergy, solar and wind are expected to account for nearly 30% of the country's cumulative installed capacity by the end of 2030, while hydropower's contribution will fall to 50%
from the current 63.
5%.
According to GlobalData's Brazil Electricity Market Outlook 2030 report, Brazil's total installed capacity in 2017 was 158 GW
.
GlobalData said that in response to the threat of a decline in hydropower generation due to drought, the Brazilian government tends to promote non-hydroelectric renewable energy rather than thermal energy resources
.
In 2017, the country's wind power capacity was close to 15 GW, and solar reached 1.
1 GW, and it is expected to reach 19 GW
by the end of 2030.
Ankit Mathur, head of power at GlobalData, said Brazil lacks a strong grid infrastructure, with an average transmission and distribution loss rate of up to 17 percent, and about 20 percent of electricity theft
in parts of the country.
"The Brazilian government therefore needs to focus on improving its grid infrastructure, especially expanding grid capacity
.
"
GlobalData, an international market research institution, recently released a report that Brazil's renewable energy is expected to grow significantly by 2030, but it will also face the challenges
of low power demand growth and insufficient grid coverage.
Together with bioenergy, solar and wind are expected to account for nearly 30% of the country's cumulative installed capacity by the end of 2030, while hydropower's contribution will fall to 50%
from the current 63.
5%.
According to GlobalData's Brazil Electricity Market Outlook 2030 report, Brazil's total installed capacity in 2017 was 158 GW
.
GlobalData said that in response to the threat of a decline in hydropower generation due to drought, the Brazilian government tends to promote non-hydroelectric renewable energy rather than thermal energy resources
.
In 2017, the country's wind power capacity was close to 15 GW, and solar reached 1.
1 GW, and it is expected to reach 19 GW
by the end of 2030.
Ankit Mathur, head of power at GlobalData, said Brazil lacks a strong grid infrastructure, with an average transmission and distribution loss rate of up to 17 percent, and about 20 percent of electricity theft
in parts of the country.
"The Brazilian government therefore needs to focus on improving its grid infrastructure, especially expanding grid capacity
.
"
