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Brazil is the third largest energy market in the Americas, after the United States and Canada, and its growing power sector is the largest in Latin America. Electricity consumption growth rates fluctuate at around 5% per year, demanding the entrance of an average of 3 GW every year. Brazil aspires to become the fourth country in the world in terms of wind turbines installed capacity in 2012 and the sixth global wind energy producer by 2016. Considering the growth rate and the expansion plans of the companies coupled with the positive wind power policies of the Brazilian government, it is expected that Brazil wind power market will prove robust growth trajectory in the coming years.
According to "Brazil Wind Power Market Forecast & Opportunities, 2017" Brazil's blustery coastlines and booming electricity demand have spurred a wind-power gold rush as investors flock to build turbines and set up wind farms. The market is still on the path of major developments and achievements in the coming years. With significant support from government, in terms of promising initiatives and attractive incentives, the Brazilian wind energy industry is poised to grow in the future. "Brazil Wind Power Market Forecast & Opportunities, 2017" discusses the following aspects related to Wind Power in Brazil:
The information contained in this report is based upon both primary and secondary sources. Primary research included interviews with stakeholders of the industry. Secondary research included an exhaustive search of relevant publications like newspapers, websites, and proprietary databases.