The E+ Energy Transition Institute launched the study “Overview of the Brazilian Electric Sector.” This updates the profile of the sector to form a basis to discuss the fundamentals and potential benefits of energy transition for the country. This is trending because policy-makers all over the world are already aware of the opportunities that are available through the incorporation of the new technologies to their methods of production. In Brazil, the document indicates some points that deserve to be highlighted. The first is the reduction in the prices of photovoltaic solar and wind energy in the energy auctions, which reinforces the growing competitiveness of these sources. Secondly, there is the forecast of the increase in the capacity of thermoelectric generation by natural gas and LNG. The third point is the pace of growth of the solar source in the distributed generation (DG), surpassing the mark of 1.0 GW in July 2019 and almost doubling to 1.8 GW in the second half of the year.

More than ever, the energy transition is capable of reducing the cost of energy in the country, leveraging the development of the Brazilian economy to regard the new sources as an opportunity. The debate on the reform of the electric sector is the way forward, and iCS is sparing no effort to contribute to this agenda. Read the full study here in Portuguese.