Brazil’s installed wind power generation capacity has increased by 50.1% since February last year, demonstrating the current boom in Renewable Energy within emerging markets.
Last year, renewables accounted for a majority of new electricity-generating capacity added around the world with more than half of the $286bn invested into the sector occurring in emerging markets like China, India and Brazil.
According to a recent United Nations report, 10.3% of all electricity generated globally in 2015 (not including hydroelectric plants) came from renewables – roughly double the amount 8 years ago.
In just one year, Brazil has added a total of 7,386 MW to its energy capacity with hydro-power being the most deployed source with 2,809 MW, followed by wind with a contribution of 2,770 MW. Thermal and solar power were next with 1,779 MW and 8 MW, respectively.
Large wind turbine distributor Vestas have announced that Brazil was the company’s fifth largest market for order intake in 2015 “…and we have a strategic ambition to grow further there” says Marco Graziano, president of Vestas Mediterranean.
Vestas entered the Brazilian market in 2000 and has announced 376 MW in firm orders in 2015. In addition to the sales office in Sao Paulo, Vestas has recently inaugurated a hub and nacelle production facility in Aquiraz, as well as established a successful partnership for producing blades and generators locally.