Wind power is now the fastest growing source of electrical power in Brazil. Between August and December 2015, the installed capacity increased by 23% with 56 new wind farms, according to the Electric Power Trade Chamber.
Brazil hopes to reach 18.8 GW of wind capacity by 2019 with an average annual growth rate of 20%. This rate was 46% in 2015, higher than any other wind growth rate in the world.
Today, 6% of the Brazilian power matrix relies on wind energy, which means 45 million people are supplied or every home in the northeast region. This percentage, however, could reach 12% according to the 'Ten Year Plan for Energy Expansion 2024', produced by the Brazilian government.
The ‘PDE 2024’ estimates that the wind potential will continue to be exploited with 24 GW of wind capacity by 2024. About 10 GW of wind has already been contracted - at different stages of construction, representing more than 5000 wind turbines to be installed.
Over the next 3 years, the market expects investments above BRL 60 billion, secured by contracts, which will also generate over 150,000 direct and indirect jobs. The result of an extremely promising market.