Brazil’s Wind Power 2013 Statistics
140 Wind Farms
3,39 Megawatt Capacity
2,923,572 tons per year of carbon emission reductions
Recently, the Washington Post offered up an extensive narrative on Brazil’s gains in wind energy. Accordingly,
“A string of wind-turbine parks is being erected in Brazil’s windiest stretches, in what planners see as the beginning of an extraordinary transformation. No one expects that wind will outpace dams as the main source of electricity here. But the goals remain audacious for a country that projects an annual increase in electricity consumption of up to 5 percent in coming years (Juan Forero of the Washington Post).”
“In Brazil, the road toward wind power began in the 1970s, when oil shortages led the government to ramp up oil production and develop the use of biofuel and hydropower. Wind’s rise came after the 2001 drought, which led to the rationing of electricity as river levels fell precipitously, hitting power generation hard.
Under President Dilma Rousseff’s center-left government, wind power has a strong backer, with the state’s big development bank providing sizable loans to the largest projects, including Renova Energia. “We are going to advance more and more, and see wind turbines spread across this country,” said Edison Lobão, the energy minister.”
As BrazilWorks reported,
In 2012 the government development bank, BNDES approved, R$ 358 million in financing for the construction of four wind farms in the state of Ceará. The projects comprise the Trairi Project, which will have a total installed capacity of 115.4 MW and will begin operations in January 2013. The wind farms, consisting of Special Purpose Companies, are controlled indirectly by Tractebel Energia S.A. and directly by Energias Eólicas do Nordeste S.A.
The BNDES’ funding for investments in wind energy has grown in recent years, which reflects the Bank’s priority in supporting renewable energy projects. In 2008, approvals for projects in the sector amounted to R$ 257 million; in 2009, they increased to R$ 1.2 billion, maintaining the same level in 2010. Last year, wind power generation projects approved by the BNDES totaled R$ 3.4 billion.
Overall, BNDES investments in power GTD sector have grown substantially in recent years, from $R 3 billion reais in 2006 to 17 billion by 2011. This represents the bank’s investments in meeting the mounting power demand driven by industrial activity, and commercial and residential consumption. Moreover, such a large increase in investment allows for more speculative financing for alternatives such as wind and solar; so this latest project is represented of a broader pattern of diversifying the bank’s power generation portfolio. Read more from BrazilWorks here.