Brazil doubles 2024 solar target to 7 GW
Brazil has currently an installed PV capacity of approximately 19 MW.
17.09.2015: Brazil’s Ministry of Mines and Energy (MME) has released a new 10-year energy plan (Plano Decenal de Expansão de Energia – PDE 2024) that aims to increase the country’s PV generation capacity to 7 GW by 2024. In the previous version of the plan, which was published in December 2014, the MME had targeted only 3.5 GW of installed PV power by 2023. If achieved, the 7 GW would be enough to cover up to 3.3% of Brazil’s electricity demand in 2024. Moreover, the MME forecasts that Brazil will cover over 84% of its total power demand with renewable energy by 2024, with hydroelectric power continuing to play the dominant role in the country’s energy mix. Hydroelectric power is expected to cover 56.7% of the country’s power demand in 2024, down from 67.6% currently. Meanwhile, Brazil’s cumulative installed wind power capacity is expected to reach 24 GW in 2023, enough to cover 11.6% of demand. Brazil has currently a grid-connected installed PV capacity of only 19 MW. © PHOTON
Monty Bannerman
ArcStar Energy
+1-646-402-5076
www.arcstarenergy.com
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