Brazil has immense potential for hydropower which is highlighted
by the number of operational projects and the even bigger number of projects
that are still in construction phase. Many companies are trying to take
advantage of this potential by actively participating in these activities.
According to the study, ‘Hydropower
In Brazil, Market Outlook To 2030, Update 2018 - Capacity, Generation,
Investment Trends, Regulations And Company Profiles’, some of the
companies that operate in brazil for hydropower generation include RenovaEnergia
S.A., Neoenergia S.A., ItaipuBinacional, FURNAS CentraisEletricas S.A, CPFL
Energia S.A., CompanhiaHidroEletrica do Sao Francisco, CentraisEletricas do
Norte do Brasil S.A., VotorantimEnergia S.A, TractebelEnergia
S.A.andCompanhiaEnergetica de Sao Paulo. Brazil has some of the world largest
dams. Although, China has the largest dam however; Brazil has the second
largest dam built on Parana River, Itaipu. After the completion of Bela Monte
hydroelectric power plant in the Amazon Basin would become the words third
largest project in the world.
Rising greenhouse gas emissions across the world have been a major
cause for climatic changes. Countries across the world are adopting renewable
forms of energy generation such that the world can be protected for future
generations. One of the most prominent renewable forms of energy generation is
hydropower. Significant majority of renewable forms of energy production is
being completed via hydropower plant projects. Hydroelectric power plants are
the main source of energy generation in some of the countries. One of these
countries is Brazil. Not onlyBrazil but hydropower is the main form of energy
generation in the entre Latin America followed by bioenergy. Brazil has one of
the highest hydropower generation capacities and this form of energy will play
a major role in the coming decade.
In Brazil, government authorities have
adopted a two-fold method to prevent environmental degradation. First being the
usage of renewable forms of energy and actively promoting it especially
hydroelectric energy production followed by ensuring efficient utilisation of
resources such that there is minimum wastage. Some studies suggest that Brazil
has fully exploited its hydroelectric potential in many areas which is why it
is necessary for the country to shift its attention to the Amazon region which
is still in nascent stage of development.
The average time for completion of a single
hydroelectric power plant is nearly a decade and although the government is
implementing the concept of hydroelectric plants however, these plants also
cause some damage to the environment. Companies are actively trying to come up
with technologies that significantly reduce the construction time for the power
plants and also simultaneously reduce the negative environmental impact
associated with the construction of hydroelectric power plants.
The potential for hydroelectricity is immense
in Brazil which is simultaneously being exploited by not just the government
but also by many companies. The competition landscape is
segmented with only those companies holding a high share in the market which
have the capability to make huge capital investments. There are numerous firms
which offer their services to these companies and are also expecting a huge
growth in the future. The country is showing immense growth in the
hydroelectric industry which is expected to be carried to the future.
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Sales@kenresearch.com
+91-9015378249
