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Brazil's electric power landscape is set for a transformative journey, with projections indicating a 3.5% growth in consumption by 2024, reaching 78,447MWa. National grid operator ONS, CCEE, and government research company EPE foresee a consistent annual average growth of 3.2% until 2028, culminating in a demand of 89,023MWa. This optimistic outlook is underpinned by a stable macroeconomic scenario, infrastructure investments, and potential positive impacts from tax reforms.
In a strategic move towards sustainable energy, Essencis Biomethane has inked a 93.8mn reais financing deal with BNDES to construct a biomethane production plant in São Paulo. Scheduled for a debut in the first half of 2024, this venture, supported by the Climate Fund, is a joint effort between Solví Essencis Ambiental and Ecometano. With a capacity to produce 68,000m3/d of biofuel, it marks a significant stride in Brazil's renewable energy landscape.
Meanwhile, EDP has unveiled a 3.82MWp distributed generation solar complex in Tremembé, São Paulo, signaling a 19.1 million reais ($4 million) investment. Aligned with EDP's strategy, the project is a pivotal step towards achieving 530MWp of distributed solar generation capacity and 2.3 billion reais ($467,5 million) in investments by 2026.
In a game-changing move, WEG, the renowned asset manager, has earmarked 1.2 billion reais ($245 million) over the next three years to expand transformer production capacity across Brazil, Mexico, and Colombia. This initiative, spanning industrial parks in Minas Gerais and new factories in Mexico and Colombia, underscores WEG's commitment to meeting the escalating power demands in the region.
As the power sector undergoes a paradigm shift, Prysmian has inaugurated a state-of-the-art laboratory at its Poços de Caldas plant, dedicated to developing and testing high-voltage cables. This initiative is part of a series of enhancements that have seen 123 million reais ($25 million) invested over the last five years, with an additional 28 million reais ($5,7 million) allocated for 2023.
In a notable industry collaboration, TotalEnergies and Petrobras have embarked on a drone-assisted methane measurement campaign, aiming to reduce greenhouse gas emissions, particularly methane, with a target of zero methane emissions by 2030. As Brazil charts its course towards a greener energy future, these developments underscore the nation's commitment to sustainable practices in the power sector.
Source: bnamericas.com