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Renewable energies account for 80% of Brazil's energy grid

Staff writer |
The Brazilian Development Bank (BNDES) ended 2014 with R$ 6.6 billion in investment approvals for new wind power projects, equivalent to 2,585.8 MW of installed power.

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This is helping place Brazil among the five largest global investors in both wind power and renewable power in general.

With this, the BNDES has become a leader in financing to this sector. The amount represents an 83.3% increase in relation to the figures approved the year before – R$ 3.6 billion. Since 2003, the Bank has invested R$ 20 billion – equivalent to 7,287.8 MW in wind power.

In addition to expanding the amount of clean energy in Brazil's energy grid, these projects will help reduce the use of other resources, such as natural gas and other byproducts of oil, slashing greenhouse gas emissions. Renewable energies currently account for around 80% of Brazil's energy grid, much more than the international average of 20%, and that in European countries, which is slightly over 18%.

Brazil's wind farms will also directly and indirectly generate positive economic effects, such as more employment in poorer regions, increase in the demand for services and products in municipalities, and a new source of income for small land owners, as a result of land leases.

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