The Power export in Brazil reached 395 GWh in 2020
The indicator recorded a historical growth at a CAGR of 36% between 2017 to 2020
Why did Brazil’s power export grow in 2020?
Brazil has been a net importer of electricity for the last two decades. In 2010, the country imported more electricity than it exported. In 2020 as well, electricity imports were higher than exports . The country’s electricity imports are expected to rise significantly in 2021 owing to a severe drought the country is facing. The country majorly depends on hydro plants for electricity generation, which are expected to the be affected due to the drought.
Supply Security
Brazil generates power from a diverse range of sources which include thermal sources (gas, oil, and coal), hydropower, nuclear, and renewable. Hydropower accounts for majority of the country’s annual power generation. In 2020, the hydropower generation share in total power generation was in mid-double-digit percentage. Thermal power is not used for base-load generation due to the high price of natural gas. Although Brazil possesses substantial gas and oil reserves, these are used primarily for export, as hydropower helps to keep electricity tariffs low. Brazil is a net importer of electricity.
Related Companies-
Pegtroleo Brasileiro SA, Engie Brasil Energia SA, and Eletrobras are among the major electricity generating companies in Brazil.
Petroleo Brasileiro SA (Petrobras) is an integrated company specializing in the oil, natural gas, and energy industry. Its major businesses include exploration and production, refining, marketing, trade and transportation of oil and gas. The company also conducts biofuel, natural gas, petrochemical, electricity and chemical businesses, and oil product distribution. It is a major crude oil producer and refiner in Brazil and the South American continent. It also participates in the domestic power market through investments in thermoelectric power plants and renewable energy. Through its subsidiaries and affiliates, Petrobras markets its products in North America, South America, Africa, and Asia. Petrobras is headquartered in Rio de Janeiro, Brazil.
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