|Policy status:||In Force|
|Policy Type:||Economic Instruments>Direct investment>Infrastructure investments, Policy Support, Policy Support>Strategic planning|
|Renewable Energy Policy Targets:||Multiple RE Sources|
|Policy Sector:||Framework Policy|
|Size of Plant Targeted:||Large|
|Agency:||Ministry of Mines and Energy|
|Renewable Energy Description:|
In December 2010, Brazilian Ministry of Mines and Energy approved the new 2010-2019 Decennial Plan for Energy Expansion. Such plan implements the phasing out of fossil fuel power plants construction by 2014 and foresees major expansions in the hydro and wind grid-connected power sectors over the next ten years.
Installed capacity targets for renewable energies have been fixed as follows:
The 10-year plan foresees an investment package of BRL 952 billion, EUR 420.2 billion equivalent, and targets additional grid-connected electricity generation from renewable sources of 4GW by the end of 2010, 777 MW in 2011 and 2 GW in 2012. Considering the dramatic increase in domestic electricity consumption, 52% by 2019, the total share of renewable energy sources will have to increase by 13% annually with wind, biomass and hydro as front-runners.
Last modified: Tue, 02 Jul 2013 17:42:01 CEST