Brazil Harnesses the Power of Renewable Energy
Sep 30,2021 | Renewable Energy
The renewable energy market consists of the next generation of electricity through renewable sources. It is divided into four segments, these being hydroelectricity, wind energy, solar, biomass and geothermal.
These forms of energy cannot be exhausted and are always renewed. Brazil, the beautiful and tropical country is particularly rich in these natural resources and has abundant energy potential.
The Brazilian renewable energy market had total revenues of US$46.5 billion in 2020, representing a CAGR of 6.5% between 2016 and 2020. Market production volume increased with a CAGR of 2.7% between 2016 and 2020, to reach a total of 492,735.3 GWh in 2020. Additionally, hydroelectricity had the highest volume in the Brazilian renewable energy market in 2020, with a total of 366,557.4 GWh, equivalent to 74.4% of the market's overall volume.
The volume of the market is calculated as the net volume of electricity produced through renewable means and the market value has been calculated according to an average of annual non-household power price, or equivalent, excluding taxes and levies. All market data and forecasts are represented in nominal terms i.e. without adjustment for inflation and all currency conversions used in the creation of this report have been calculated using constant 2020 annual average exchange rates.
Renewable Energy in Brazil industry report offered on Bharatbook, provides top-line qualitative and quantitative summary information including: market size (value 2016-20, and forecast to 2025). It also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Not only does the report help save time carrying out entry-level research by identifying the size, growth, major segments, and leading players, but also uses the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the renewable energy market in Brazil
For more information on the market, please visit Renewable Energy in Brazil.
