Renewable energies have been growing steadily. The New York-based Bloomberg news agency reports in a recent statement that increasing affordability and lower cost of production make developments easier. Read the Bloomberg article:
Wind and Solar Are Crushing Fossil Fuels
The city of Tabocas do Brejo Velho, Bahia, will host the largest solar power plant in Latin America.
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The project began to be implemented in December 2015, and it is estimated that it will be able to produce 500 GWh per year.
The solar park is scheduled to come on line by mid-2017. This is one of Enel Green Power’s largest solar power plants, which will help supply the country’s steady demand for electricity – which, according to estimates, will increase An average rate of 4% per year by 2020.
The CEO of the company responsible for the project, Michael Scandellari, said the project is a great opportunity because Brazil has a market with “very significant” growth prospects in the medium and long term. “Starting our business with the construction of the largest photovoltaic plant in the country is an achievement that fills us with pride and demonstrates the importance that Brazil will have for us,” he said.
Solar Power in Brazil
The increase in energy consumption that Brazil is facing in recent years is not being accompanied by the growth in energy generation from sources traditionally present in the country, including the hydroelectric plant, and therefore requires a diversification in the energy matrix.
The solution to this problem is represented by photovoltaic plants, which among all sources of renewable energy are those that have the least impact on the environment, and distributed generation has great economic advantages.
Source: Red Portal. Access the original material by clicking here
Renewable Energy Prospect 