Brazil Power Market Research Report, Analysis, Opportunities, Forecast, Applications, Leading Players : Ken Research

Brazil Power Market Research
Report : Ken Research

• According to study, ’Brazil Power Market Outlook to 2030, Update
2018 - Market Trends, Regulations, and Competitive Landscape’
some of the major companies that are currently working in the
Brazilian power sector include CentraisEletricasBrasileiras S.A.,
EngieBrasilEnergia SA, PetroleoBrasileiro SA, CompanhiaEnergetica
de Minas Gerais SA, CompanhiaParanaense de Energia SA.
• Brazil, one of the fastest growing economies and the largest power
market in South America and it is moving towards the sustainable
development of power sector. The power sector in Brazil is
dominated by hydro power which accounts for more than 70% of
the overall capacity in 2016. Brazil’s focus remained on hydroelectric
capacity development of its electricity supply policy for a
significant length of time. Renewable energy has significant share in
the overall generation mix of country. Hydropower power is
dominant source in the renewable energy followed solar and wind
power generation.

• As a result of the ongoing drought, Brazil has built additional short-term naturalgas-fired
generation in order to reduce the burden on the nation's hydro-electric
dams, with reservoir levels falling to near-critical capacity. Moreover Brazil also has
a high potential for the use of solar energy. The country has above 150 solar water
heater manufacturers, providing installations for residential-scale applications as
well as hotels, hospitals and other larger projects. Recent targets from the
government for 1,400 MW of distributed solar generation by 2022 have
accelerated market development.
• For wind power Brazil currently has significant capacity of wind power installations
projects in the pipeline, and the government’s Decennial Energy Plan sets a 16 GW
wind installed capacity goal by 2021. The use of biofuel (ethanol) is being
promoted through the Brazilian Alcohol Program, which encourages the
production of renewable biomass fuel as an oil substitute.
• Energy auctions are one of the main instruments adopted by the Brazilian federal
government to ensure that the pre-defined quality standards are met by the
energy services along with lowest prices. Auctions, as wind or solar, have been an
important mechanism to increase the participation of some sources in the national
energy mix.

• An analysis brazil power market with some of the key companies occupied
in the transmission, power generation, and distribution is provided, along
with an analysis of key upcoming and pipeline projects in each of these
segments has been accomplished.
• Brazil has emphasized its plan to remain a clean energy leader by
expansion towards renewable energy sources such as wind and solar
power rather than fossil fuels or nuclear. Brazil is credited as the first
country to successfully hold reverse energy auctions, in which bidders
have submitted the lowest-cost bids. The auctions, have provided bidders
three and five year terms to develop their projects, these bids were
conducted by the Electric Energy Trade Chamber on behalf of The Brazilian
Electricity Regulatory Agency. The Ministry of Mines and Energy is
responsible for supervision the electricity sector in Brazil. The Brazilian
government created the Energy Research Company (Empresa de Pesquisa
Energética, EPE), a federal public company responsible for carrying out
studies and research in the strategic energy sector.

• Brazil is requirement of the projects which involves energy auctions in which they
have transmission lines secured prior to participating in the auctions. This can
reduce the problems of interruptions associated with insufficient transmission
infrastructure, while helping to drive the market for T&D equipment. Some of the
other challenges include aging transmission lines that lose efficiency as they
deliver power over long distances and rampant electricity theft in segments of the
distribution network. The Brazilian government also identifies the need to
upgrading power sector infrastructure, but a lack of finance and an uncertain
investment climate have made attracting investments difficult.
• In the upcoming years there would an extreme investment, change in
government’s policies in favor of these resources and auctions which are expected
to promote electricity generation from renewables. Opportunities exist for the
transmission system to connect the remote areas. The Transmission build-outs and
solutions are expected to ensure supply/demand balance which have good
potential in Brazil. Electricity delivery and demand side management solutions as
smart grid deployments are expected to advance in the future period.

• To know more, click on the link below:
• https://www.kenresearch.com/energy-and-utilities/power/brazilpower-market-outlook/150609-103.html
• Related Reports:-
• https://www.kenresearch.com/energy-and-utilities/power/ukrainepower-market-regulations/9625-103.html
• https://www.kenresearch.com/energy-and-utilities/power/switzerlandpower-market-regulations/9626-103.html
• Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
sales@kenresearch.com
• +91-9015378249
•