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.

SeeNews Renewables
SeeNews Renewables goes beyond the familiar renewable markets of Western Europe and the US to encompass the potential of BRIC counties and emerging investment destinations in North Africa, the Asia Pacific, Central and Eastern Europe. SeeNews Renewables is covering all renewable energy sources: wind, solar, hydropower, biomass, geothermal and marine energy.

Derick Lila
Derick is a Clark University graduate—and Fulbright alumni with a Master's Degree in Environmental Science, and Policy. He has 8+ years of solar industry research, marketing, and content strategy experience.

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