Brazil: Wind energy market rapidly growing

Brazil is large country with plenty of renewable energy resources at its disposal. This wealth of clean energy resources should give Brazil good position in global clean energy race. Up until recently the Brazilian renewable energy market was focused almost entirely on hydropower but things have certainly changed in the last few years with wind power industry now being the fastest growing renewable energy industry in the country.

This sudden popularity of wind shouldn't come as surprise, especially when you combine Brazilian government’s commitment to get more energy from renewable sources with the abundance of wind power resources available to Brazil.

The recent studies have calculated that Brazil's onshore and offshore wind power resources are set to be around 350 GW. Brazilian wind power industry is developing very fast. In the period from 2008-2010 Brazil has almost tripled its wind power capacity, from 341 MW in 2008 to 931 MW at the end of 2010. Energy analysts expect that this trend will continue in years to come, and that Brazil will be a leading Latin America's wind power market in the next decade or so. In fact, in 2011 and 2012 Brazil accounted for 50% of all wind power installations in central and South America. It is expected that Brazil will reach 2 GW of installed wind power capacity by the end of 2012.

This number is expected to climb to 15 GW by 2020. Brazil has started attracting many famous wind energy companies and country is also looking to add several wind manufacturing facilities. Despite the fact that Brazilian wind energy market is still in the very early phase of its development the future of wind power industry in Brazil looks to be rosy because investors believe in the large future growth of wind power market.

The strong development of wind power industry in Brazil will not only help reduce greenhouse gas emissions responsible for climate change but will also boost Brazilian economy by creating new jobs.

The Brazilian government has set a goal of achieving 10 gigawatts of wind energy capacity by 2020. The way things are currently going there would be a very little surprise if Brazil were to go significantly beyond this goal by 2020.