SeeNews Renewables — Brazil’s Ministry of Mines and Energy approved on Tuesday the Ten Year Energy Plan 2024 (PDE 2024), with an investment of BRL 1.4 trillion (USD 359.7bn/EUR 329.2bn) in electricity, oil, natural gas and biofuels.
The plan for the period between 2014-2024 calls for an increase of 55.3% in the country’s installed power generation capacity, from 132.9 GW to 206.4 GW.
Ethanol production is expected to grow 54%, from 28.5 million cubic metres to 43.9 million cubic metres.
The PDE also envisages that renewable energy sources, excluding both large and small hydro, will account for about 23.6%, or 49 GW, of Brazil’s installed power capacity in the National Interconnected System (SIN) in 2024.
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