According to
the study, ‘Wind Power In Brazil, Market Outlook To
2030, Update 2018 - Capacity, Generation, Investment Trends, Regulations And
Company Profiles’, some of the companies which are operating in the
wind energy sector in Brazil include Renova Energia
S.A., Multiner S.A., Energisa SA, Elawan Energy SL and Contour Global L.P. All
these companies have taken advantage of the favourable government rules and
regulations thereby setting up their dominant shares in the market.
Brazil is one the most clean energy producers in the world and
that too an industrialized nation. This achievement has mainly been achieved
due to the hydropower projects in Brazil which have been an astounding success.
However, the government is equally supportive of promoting wind energy as a
mode for generation of energy. Brazil can be considered a potential market for
wind energy resources due to the high speed winds, some of which are not
present in the entire Latin American Region. The Brazilian Government is keenly
in favour clean energy resources as well as wind energy. The government through
its various schemes such as tax incentives and rate cuts has set a regulatory
framework that is beneficial not just for the international but also for the
local players. Regular auction of sites for medium and long term contracts
ensure that no probable zone that can be used for the purpose of electricity
generation is left out.
Brazil is
one of the fastest growing wind markets in the world. The key drivers of this
industry are multi-fold and include favourable wind resources followed by an
easy government tender/auction centre where bids can be easily placed by any
part and lastly appropriate financing schemes that are provided by BNDES. Brazil
is the most favourable wind energy market in the entire Latin America that is
marked by cost effective techniques and upgraded technologies which ensure
maximum efficiency of the turbines. Also, the rules and regulations are set in
such a manner that the entire market is easy to enter and does not involve any
long paperwork that needs to be processed. The
sudden thrust that has been provided to this industry has led to setting up of
many international as well local companies to try their expertise in the
segment of wind energy. Most of the international players also set up a
production facility within the country to meet its requirement of machines and
equipments. These production facilities act more like an assembly unit which
allows the international players to adapt to the changing legislations in an
effective manner. Another favourable reason for the growth of this industry is
regular auctions that are conducted by the government authorities. These
auctions are conducted on a regular basis ensuing continuity in this industry.
The
wind energy segment is expected to rise in the future due to favourable
conditions especially from the government’s end. The growth has been high even
in the past year which is expected to be carried to the future years. The
competition in this industry is expected to increase as more and more
international as well as local players would take advantage of the incentive
that shall be provided by the government authorities.
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