Brazil ranked third most attractive market for clean energy investments

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The Brazilian Nordic New Energy Investment Forum, organized by APEX and Innovation Norway on October 22, addressed investments opportunities in the Brazilian renewables sector.

The forum intended to attract, enlighten and strengthen Nordic investment in the Brazilian new energy sector, by presenting valuable and concrete opportunities in the market. By 2035, BloombergNEF projects wind and solar generation in Brazil are to exceed 60 GW, attracting over $US 50 billion of investment, and according to BNEF-Climatescopes 2019, Brazil is ranked the third most attractive country for clean energy investment.

The event had the institutional support of NBCC, and the list of speakers featured NBCC associates like VP Fernando Delapuerta of Statkraft and Partner at Veirano Advogados, Tiago Figueiró.

Norway´s Consul General Marianne Fosland set the stage for the event by emphasizing that Brazil is an important partner to Norway in the renewables sector, in her opening remarks.

“We see new, and more diverse investments from Norwegian stakeholders like Equinor, Statkraft and Umoe”, she said.

Regulations specialist of ANEEL, Mr.  Matheus Cruz, gave an overview of the Brazilian renewables market to the webinar. He outlined the regulations of the energy auctions in the market, and results of recent auctions show that wind and solar is taking a bigger market share.

“82 percent of the installed capacity in Brazil is renewable, 63 percent is hydropower. Wind represents 9 percent. Currently 11 percent of the power production comes from wind and solar, and this will increase to 20 percent in 10 years”, he said.

Tiago Figueiró, Partner Veirano talked about foreign investments in renewable energy projects in Brazil, regulatory regimes and how foreign investors should proceed to enter the market.

“It is an expansion-driven market, generally open to foreign investors”, he said.

Fernando Delapuerta participated in a roundtable session with renewables veterans Everaldo Feitosa, who is the CEO of Eólica and Rogerio Zampronha, CEO of Omega.

 

“The Brazilian market offers security and opportunities to foreign investors, and Brazil is blessed with natural resources. Statkraft is preparing a ramp up as a wind and solar developer in Brazil”, he said.

 

The event was recorded and is available to NBCC members.

 

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