Wholly owned by UK private equity firm Actis, Atlantic is just one of many companies and investors betting on Brazil’s enormous potential in wind and other renewable energies. In few other areas is Brazil more gifted than in its abundance of energy resources. Brazil is one of the very few large economies whose power matrix consists mostly of renewable energy. Nearly 67 per cent of total installed capacity comes from big and small hydropower plants, 9 per cent biomass from the burning of sugar cane waste and other biological products, nea rly 8 per cent from wind power, and the remainder from fossil fuels and nuclear power. Solar power remains negligible but investment in the sector is starting. Brazil continues to invest in large hydropower dams, but intense droughts have convinced successive governments of the need to diversify the country’s energy sources. One of the most successful examples of this has been wind power, which the Brazilian government claims is now a cheaper producer of power than hydroelectric dams. Brazil has the ninth largest installed capacity for wind energy in the world at 10,740MW last year, according to the Global Wind Energy Council. By August this year, this had risen to 11,670MW spread across 466 wind farms.
FT 20th Sept 2017 read more »