Brazil Could Become a Powerhouse in Renewable Energy Generation, Says Global President of Enel

Written by Roberta Souza

Published on 16/06/2022 at 10:33

Imagem de Seagul / Fonte: Pixabay

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Brazil May Be Responsible for Half of Growth in Renewable Energy Sector in the Next Decade

According to the assessment by the global CEO of Enel, Francesco Starace, Brazil could become a global powerhouse in clean sources during the next decade. For the executive, the country does not currently represent its full potential, but in the next decade, it could be responsible for half of the growth in renewable energy.

Brazil has various clean energy projects underway, as well as those estimated for the future, covering wind and solar generation, in addition to other sources. Enel itself, for example, has 40% of its growth in renewable energy attributed to projects activated in the country.

Unlike other nations that are being hindered by the depletion of their physical spaces for renewable initiatives, Brazil has a large area available for the installation of more projects in this field, thanks to its geographical size.

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Brazil Offers Over 1 Million Jobs Related to the Renewable Energy Sector

According to data released by the International Renewable Energy Agency (IRENA), Brazil has over 1 million jobs in renewable energy, making it one of the largest job generators in this sector worldwide. The data also shows that opportunities are continually increasing, confirming the strong work being done by the country in this area.

Trailing only behind China, Brazil has been offering jobs in sectors related to biofuels, hydropower, wind energy, and solar energy, in addition to biomass and biogas. Since 2018, the country has held the largest volume of jobs in renewable energy across all of Latin America.

Brazil Ranks 9th in EY Consulting’s Renewable Energy Investment Attractiveness Index

The Brazilian growth in renewable sources is also recognized by EY Consulting. At the beginning of 2020, Brazil moved up 3 positions in the EY Renewable Energy Country Attractiveness Index (RECAI), moving from 19th to 16th place. Today, the country ranks 9th, which can be viewed as yet another demonstration of its development in the renewable energy sector.

The EY Consulting ranking classifies the 40 largest markets in the world based on the level of attractiveness for renewable energy investments and their deployment opportunities, which are an essential part of the energy transition.

The Climate Scorecard, a non-governmental organization that analyzes global climate change, also highlights the country’s potential. The organization emphasizes that the energy sector in Brazil supplies 97% of reliable electricity to households in the country, with the electrical grid consisting of nearly 80% renewable sources.

The NGO further states that when evaluating Brazil’s energy profile over the past decades, it is evident that a significant portion of its renewable resources comes from biofuels and hydropower plants. Considering that renewable sources account for nearly 45% of Brazil’s primary energy demand, they contribute to making its energy sector one of the least carbon-intensive in the world.

About Renewable Sources

Renewable energy is that obtained from sources that regenerate spontaneously or through appropriate human intervention. Among the main renewable sources are: solar; wind; hydropower; and biomass, among others.

In Brazil, the main renewable source is hydropower, accounting for more than 60% of the country’s electrical matrix. This is followed by wind energy, with a share of 9%, biomass and biogas, which also represent about 9%, and centralized solar energy, with a 1% share.

Brazil Could Become a Powerhouse in Renewable Energy Generation, Says Global President of Enel

Brazil May Be Responsible for Half of Growth in Renewable Energy Sector in the Next Decade

Brazil Offers Over 1 Million Jobs Related to the Renewable Energy Sector

Brazil Ranks 9th in EY Consulting’s Renewable Energy Investment Attractiveness Index

About Renewable Sources

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Brazil Could Become a Powerhouse in Renewable Energy Generation, Says Global President of Enel

Brazil May Be Responsible for Half of Growth in Renewable Energy Sector in the Next Decade

Brazil Offers Over 1 Million Jobs Related to the Renewable Energy Sector

Brazil Ranks 9th in EY Consulting’s Renewable Energy Investment Attractiveness Index

About Renewable Sources

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Scientists enter a narrow, flooded cave 500 meters deep and find giant dinosaur footprints on the ceiling measuring up to 1.25 meters, preserved in such a rare way that a new type of trace had to be created.

In Botswana, a salt flat of up to 16,000 km² that was once an African megalake spends months as an absolute white desert, but during the rainy season it transforms into a shallow sea that reappears from nowhere and can be seen from space in the middle of southern Africa.

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After two years of internal discussions, Paraguay has finally regulated the law that opens the country to foreign technology and service companies with tax incentives that promise to create thousands of jobs and change the economy.

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The Brazilian Northeast is receiving the largest wave of investments in clean energy ever seen in the country, with R$ 200 billion in wind and solar, 9,000 km of transmission lines, and a promise that could change the economy of 60 million people.

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