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Map of Brazil

Description

The largest economy in Latin America, Brazil finished second on Climatescope 2014, scoring 2.17 out of 5.

2013 was a difficult year for Brazil’s power sector, which relies heavily on large-hydro generation and suffered through one of the worst droughts in 50 years. Brazil had to lean far more than anticipated on gas generation; power prices spiked. Meanwhile, clean energy investment fell 52% from 2012 with the country attracting just $3.1bn in 2013 for new non-large hydro clean energy projects.

On the positive side, Brazil saw a record volume of non-large hydro renewable capacity (3.3GW) commissioned in 2013 and renewables now represent 15% of a 126GW national power matrix. In addition, in 2013 Brazil contracted through tenders 6.2GW of future renewable capacity from wind, small hydro and biomass plants to be commissioned in the next 3-5 years.

This pipeline of new projects bodes well for Brazil remaining a dynamic clean energy market. Investment levels are expected to rebound in 2014 after two years of decline as developers seek to build the new capacity contracted in 2013.

Performance

Overall Rank
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Regional Rank
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Score
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