GDPE0682ICR Brazil Power Market Outlook to 2030 · PDF file8.3.3 SWOT Analysis ... Brazil, Paraguay, Uruguay and Venezuela are members. In 2008, Mercosur entered into a free trade

BRAZIL POWER MARKET OUTLOOK TO 2030 –MARKET TRENDS, REGULATIONS AND

COMPETITIVE LANDSCAPE

REFERENCE CODE GDPE0682ICR | PUBLICATION DATE AUGUST 2013

Brazil Power Market Outlook to 2030 –Market Trends, Regulations and Competitive Landscape 2 © GlobalData. This report is a licensed product and is not to be copied, reproduced, shared or resold in any form.



Executive Summary

Hydropower Is the Dominant Source of Power in Brazil

Brazil derives most of its power requirement from

hydropower, using its most abundantly available

natural resource from which power can be

generated. In 2012, XX% of Brazil’s total installed

capacity was derived from hydropower. Large

hydropower accounted for XX% of its total installed

capacity, while small hydropower contributed XX%.

Thermal power from gas was the XX-largest

source of power, with an installed capacity share of

XX%, followed by biomass, with a share of XX%.

Thermal power from oil contributed XX% of the

total installed capacity. Other technologies, such

as onshore wind, thermal power from coal, and

nuclear power, contributed the remaining 5% of

total installed capacity in 2012.

Power Market, Brazil, Cumulative Installed Capacity Breakdown by Type of Power Plant (%), 2012

Large hydropower including pumped

storage

Gas (thermal)

Biomass

Oil (thermal)

Small hydropower

Others including wind, coal

(thermal), solar (PV), and nuclear

Source: GlobalData, Power eTrack, Capacity and Generation Database [Accessed on July 12, 2013]

Continued Increase in Electricity Consumption and Generation

Annual electricity consumption in Brazil increased

at a Compound Annual Growth Rate (CAGR) of

XX%, from 2000 to 2012, growing from XX

Terawatt hour (TWh), in 2000, to XX TWh, in 2012.

The increase in electricity consumption was a

result of the growth of the economy and the growth

in population. Annual electricity generation

increased simultaneously, from XX TWh in 2000 to

XX TWh in 2012 at a CAGR of XX%.

Power Market, Brazil, Annual Electricity Consumption and Generation (TWh), 2000–2012

2000 2006 2012

Ann

ual c

onsu

mpt

ion

and

gene

ratio

n

Annual consumption (TWh) Annual power generation (TWh) Source: GlobalData, Power eTrack, Capacity and Generation Database [Accessed on July 12, 2013]




Table of Contents

1 Table of Contents

1 Table of Contents ....................................................................................................................... 4

1.1 List of Tables .......................................................................................................................... 7

1.2 List of Figures ......................................................................................................................... 8

2 Introduction ................................................................................................................................. 9

2.1 GlobalData Report Guidance ................................................................................................ 10

3 Brazil, Power Market, Snapshot ................................................................................................ 11

3.1 Brazil, Power Market, Macro-economic Factors .................................................................... 11

3.2 Brazil, Power Market, Supply Security .................................................................................. 14

3.3 Brazil, Power Market, Generation Infrastructure ................................................................... 14

3.4 Brazil, Power Market, Transmission Infrastructure ................................................................ 14

3.5 Brazil, Power Market, Opportunities ..................................................................................... 15

3.6 Brazil, Power Market, Challenges ......................................................................................... 15

4 Brazil, Power Market, Market Analysis ...................................................................................... 16

4.1 Brazil, Power Market, Supply Structure ................................................................................ 16

4.2 Brazil, Power Market, Key Market Players ............................................................................ 17

4.2.1 Financial Performance .................................................................................................... 18

4.2.2 Key Financial Ratios and Inference ................................................................................ 18

4.3 Brazil, Power Market, Financial Deals .................................................................................. 20

4.3.1 Deal Volume and Value Analysis, 2004 to Q1 2013 ........................................................ 20

4.3.2 Deals, Split by Type, 2012 .............................................................................................. 22

4.4 Brazil, Power Market, Demand Structure .............................................................................. 23

4.4.1 Breakup of Consumption by Sector, 2012 ....................................................................... 25

5 Brazil, Power Market, Regulatory Scenario ............................................................................... 26

5.1 Brazil, Power Market, Key Electricity Policies ....................................................................... 26

5.1.1 New Model Electricity Law .............................................................................................. 26

5.1.2 New Electricity Market Regulations ................................................................................. 27




Table of Contents

5.1.3 Brazil, Power Market, Renewable Energy Development ................................................. 28

5.1.4 National Energy Conservation Program .......................................................................... 29

5.2 Brazil, Power Market, Foreign Investment Scenario ............................................................. 29

6 Brazil, Power Market, Capacity and Generation Overview ........................................................ 30

6.1 Brazil, Power Market, Cumulative Installed Capacity, Breakup by Type of Power Plant, 2012 .. ....................................................................................................................................... 30

6.2 Brazil, Power Market, Cumulative Installed Capacity and Annual Power Generation, 2000–2030 ..................................................................................................................................... 31

6.2.1 Cumulative Installed Thermal Capacity and Annual Thermal Power Generation, 2000–2030 ............................................................................................................................... 34

6.2.2 Cumulative Installed Hydro Capacity and Annual Hydropower Generation, 2000–2030.. 39

6.2.3 Cumulative Installed Nuclear Capacity and Annual Nuclear Power Generation, 2000–2030 ............................................................................................................................... 44

6.2.4 Cumulative Installed Renewable Capacity and Annual Renewable Power Generation, 2000–2030...................................................................................................................... 47

7 Brazil, Power Market, Transmission and Distribution Overview ................................................. 52

7.1 Brazil, Power Market, Transmission Overview ...................................................................... 52

7.2 Brazil, Power Market, Distribution Overview ......................................................................... 54

7.3 Brazil, Power Market, Grid Interconnection ........................................................................... 55

7.3.1 Future Developments in International Interconnections................................................... 55

7.3.2 Electricity Import and Export Trends, 2000–2011............................................................ 56

7.4 Brazil, Power Market, Electricity Trading .............................................................................. 57

8 Brazil, Power Market, Competitive Landscape: Snapshot of Top Power Generating Companies ............................................................................................................................... 58

8.1 Key Company in the Brazil Power Market – Centrais Eletricas Brasileiras S.A. .................... 58

8.1.1 Company Overview ........................................................................................................ 58

8.1.2 Business Description ...................................................................................................... 59

8.1.3 SWOT Overview ............................................................................................................. 63

8.2 Key Company in the Brazil Power Market – Companhia Energetica de Minas Gerais .......... 67




Table of Contents



8.2.3 SWOT Overview ............................................................................................................. 68

8.3 Key Company in the Brazil Power Market – Companhia Energetica de Sao Paulo ............... 74



8.3.3 SWOT Analysis .............................................................................................................. 75

9 Appendix................................................................................................................................... 80

9.1 Market Definitions ................................................................................................................. 80

9.1.1 Power ............................................................................................................................. 80

9.1.2 Installed Capacity ........................................................................................................... 80

9.1.3 Active Installed Capacity ................................................................................................. 80

9.1.4 Electricity Generation ...................................................................................................... 80

9.1.5 Electricity Consumption .................................................................................................. 80

9.1.6 Thermal Power Plant ...................................................................................................... 80

9.1.7 Hydropower Plant ........................................................................................................... 80

9.1.8 Nuclear Power ................................................................................................................ 81

9.1.9 Renewable Energy Resources........................................................................................ 81

9.2 Abbreviations........................................................................................................................ 82

9.3 Bibliography.......................................................................................................................... 83

9.4 GlobalData’s Methodology .................................................................................................... 84

9.4.1 Coverage ........................................................................................................................ 84

9.4.2 Primary Research and Analysis ...................................................................................... 84

9.4.3 Secondary Research and Analysis ................................................................................. 85

9.5 Disclaimer ............................................................................................................................ 86




Table of Contents

1.1 List of Tables

Table 1: Power Market, Brazil, GDP ($bn), Population (million), and Annual Electricity Consumption (TWh), 2000–2018 ................................................................................................................................. 13

Table 2: Power Market, Brazil, Market Share of Power Generation Companies (%), 2012 ........................ 17

Table 3: Power Market, Brazil, Deal Value ($m) and Deal Volume (Unit), 2004 to Q1 2013 ...................... 21

Table 4: Power Market, Brazil, Deals by Type (%), 2012 .......................................................................... 22

Table 5: Power Market, Brazil, Annual Electricity Consumption (TWh), 2000–2030 .................................. 24

Table 6: Power Market, Brazil, Electricity Consumption by Sector (%), 2012 ............................................ 25

Table 7: Power Market, Brazil, Foreign Direct Investment ($bn), 2008–2012 ............................................ 29

Table 8: Power Market, Brazil, Cumulative Installed Capacity Breakup by Type of Power Plant (%), 2012 31

Table 9: Power Market, Brazil, Cumulative Installed Capacity (GW) and Annual Power Generation (TWh), 2000–2030 ................................................................................................................................. 33

Table 10: Power Market, Brazil, Leading Active Thermal Power Plants(MW), 2013 .................................... 35

Table 11: Power Market, Brazil, Leading Upcoming Thermal Power Plants (MW), 2014–2020.................... 36

Table 12: Power Market, Brazil, Cumulative Installed Thermal Capacity (GW) and Annual Thermal Power Generation (TWh), 2000–2030 ................................................................................................... 38

Table 13: Power Market, Brazil, Leading Active Hydropower Plants (MW), 2013 ........................................ 40

Table 14: Power Market, Brazil, Leading Upcoming Hydropower Plants (MW), 2014–2020 ........................ 41

Table 15: Power Market, Brazil, Cumulative Installed Hydropower Capacity (GW) and Annual Hydropower Generation (TWh), 2000–2030 ................................................................................................... 43

Table 16: Power Market, Brazil, Cumulative Installed Nuclear Capacity (GW) and Annual Nuclear Power Generation (TWh), 2000–2030 ................................................................................................... 46

Table 17: Power Market, Brazil, Leading Active Renewable Power Plants (MW), 2012 ............................... 48

Table 18: Power Market, Brazil, Leading Upcoming Renewable Power Plants (MW), 2013–2020 ............... 49

Table 19: Power Market, Brazil, Cumulative Installed Renewable Capacity (GW) and Annual Renewable Power Generation (TWh), 2000–2030 ........................................................................................ 51

Table 20: Power Market, Brazil, Transmission Line Length (Ckm), 2000–2020 ........................................... 53

Table 21: Power Market, Brazil, Distribution Line Length (Ckm), 2000–2020 .............................................. 54

Table 22: Power Market, Brazil, Annual Electricity Imports and Exports (TWh), 2000–2011 ........................ 57

Table 23: Power Market, Brazil, Centrais Eletricas Brasileiras S.A., SWOT Analysis .................................. 63

Table 24: Power Market, Brazil, Companhia Energetica De Minas Gerais, SWOT Analysis ........................ 68




Table of Contents

Table 25: Power Market, Brazil, Companhia Energetica de Sao Paulo, SWOT Analysis ............................. 75

Table 26: Abbreviations ............................................................................................................................. 82

1.2 List of Figures

Figure 1: Power Market, Brazil, GDP ($bn), Population (million), and Annual Electricity Consumption (TWh), 2000–2018 ................................................................................................................................. 12

Figure 2: Power Market, Brazil, Market Share of Power Generation Companies (%), 2012 ........................ 17

Figure 3: Power Market, Brazil, Deal Value ($m) and Deal Volume (Unit), 2004 to Q1 2013 ...................... 20

Figure 4: Power Market, Brazil, Deals by Type (%), 2012 .......................................................................... 22

Figure 5: Power Market, Brazil, Annual Electricity Consumption (TWh), 2000–2030 .................................. 23

Figure 6: Power Market, Brazil, Electricity Consumption by Sector (%), 2012 ............................................ 25

Figure 7: Power Market, Brazil, Cumulative Installed Capacity Breakup by Type of Power Plant (%), 2012 30

Figure 8: Power Market, Brazil, Cumulative Installed Capacity (GW) and Annual Power Generation (TWh), 2000–2030 ................................................................................................................................. 32

Figure 9: Power Market, Brazil, Cumulative Installed Thermal Capacity (GW) and Annual Thermal Power Generation (TWh), 2000–2030 ................................................................................................... 37

Figure 10: Power Market, Brazil, Cumulative Installed Hydropower Capacity (GW) and Annual Hydropower Generation (TWh), 2000–2030 ................................................................................................... 42

Figure 11: Power Market, Brazil, Cumulative Installed Nuclear Capacity (GW) and Annual Nuclear Power Generation (TWh), 2000–2030 ................................................................................................... 45

Figure 12: Power Market, Brazil, Cumulative Installed Renewable Capacity (GW) and Annual Renewable Power Generation (TWh), 2000–2030 ........................................................................................ 50

Figure 13: Power Market, Brazil, Annual Electricity Imports and Exports (TWh), 2000–2011 ........................ 56




Introduction

2 Introduction

Brazil is a developing country, with well-established agricultural, manufacturing and service

sectors. It is the largest and most populous country in South America and one of the fastest

growing nations in the world. Brazil has a democratic republican form of government, with a

presidential system in place. It is a founding member of the United Nations, the G20, the Latin

Union, the Organization of Ibero-American States, the Organization of American States, Mercosur,

and the Union of South American Nations.

The Brazilian economy is fairly liberalized, and Brazil attracts the largest amount of Foreign Direct

Investment (FDI) of the South American countries. The US remains the major investor in Brazil,

and Brazil made its presence felt in the World Trade Organization’s Doha Round of negotiations.

The government is also endeavoring to strengthen existing trade relationships with other

developing nations, as part of Mercosur, a trade bloc of which Argentina, Brazil, Paraguay,

Uruguay and Venezuela are members. In 2008, Mercosur entered into a free trade agreement with

Israel, before entering into another with Egypt, in 2010. Recently, Brazil and China reached an

agreement to trade in their local currencies to an amount equivalent of $30 billion per year (Flak, A.

et al., 2013).

With an estimated Gross Domestic Product (GDP) of $XX billion in 2012, Brazil registered a GDP

growth rate of XX%, in 2012, and XX%, between 2000 and 2012. Brazil’s economy was affected

negatively by the global economic recession in 2008, which resulted in a negative estimated annual

growth rate of XX% for 2009. However, Brazil’s is one of the emerging economies and registered a

comparatively rapid rate of recovery following the recession. A GDP growth rate of XX% was

registered in 2010 (IMF, 2013).

In 2012, the services sector contributed the majority share of GDP, with an estimated XX%,

followed by the industry sector, with XX%, and the agricultural sector, with XX%. Brazil’s exports

were valued at an estimated $XX billion in 2012. Its major export items include aircraft, electrical

equipment, automobiles, ethanol, textiles, footwear, iron ore, steel and coffee. The major export

markets of Brazil are China, the US and Argentina (CIA, 2013).




Introduction

The growth of its economy and the growth of its population have led to an increase in electricity

consumption in Brazil. Annual electricity consumption grew at a Compound Annual Growth Rate

(CAGR) of XX%, between 2000 and 2012, and is expected to grow at a CAGR of XX%, between

2013 and 2030. Most of the electricity generated in Brazil is from hydropower.

The Ministry of Mines and Energy (MME) is responsible for overseeing the electricity sector in

Brazil. The Agencia Nacional de Energia Eletrica (ANEEL) is a regulatory authority that functions

under the supervision of MME. On August 16, 2004, the Brazilian government created the Empresa

de Pesquisa Energética (EPE), a federal public company responsible for carrying out studies and

research into the strategic energy sector. The unbundling and privatization of the electricity sector

took place in 1993.

2.1 GlobalData Report Guidance

The report comprises an executive summary that captures the key growth trends in the

Brazilian power market.

Chapter three provides a snapshot of the key parameters in Brazil that affect its power sector

and key points about the Brazilian power market.

Chapter four provides a power market analysis for Brazil.

Chapter five details the regulatory scenario of the power market and the inward foreign

investment scenario in Brazil.

Chapter six provides information on Brazil’s cumulative installed capacity and annual

generation trends as a whole and also by individual generation source.

Chapter seven describes the power transmission and distribution infrastructure of Brazil and

includes information on interconnectors with neighboring countries. The section also covers

details on electricity import and export, and upcoming grid-related projects in Brazil.

Chapter eight describes the competitive landscape of Brazil’s power market, with a complete

description and SWOT (Strengths, Weaknesses, Opportunities and Threats) analysis of the

leading companies.

Note: All 2012 market numbers provided in the report are estimates except where actual data was

available




Brazil, Power Market, Snapshot

3 Brazil, Power Market, Snapshot

3.1 Brazil, Power Market, Macro-economic Factors

The GDP of Brazil increased from $XX billion, in 2000, to $XX billion, in 2012, at a CAGR of XX%.

From 2013 to 2018, the GDP is expected to increase at a CAGR of XX% to reach $XX billion by

2018. The economy of Brazil suffered a dip in 2009, because of the global economic crisis, and

GDP growth dropped by a negative XX%, compared with 2008. The economy again revived in

2010, growing at XX%. Since then, growth has been slower, with the rate being XX%, in 2011, and

XX%, in 2012.

The population of Brazil increased from XX million to XX million, between 2000 and 2012. The

population is expected to continue to grow, reaching XX million by 2018.

The increasing trends in both GDP and population are expected to drive electricity consumption up,

as it has done in the past. Annual consumption increased from XX TWh, in 2000, to XX TWh, in

2012, at an average yearly rate of XX%. Annual consumption is expected to reach a figure of XX

TWh by 2018.





Figure 1: Power Market, Brazil, GDP ($bn), Population (million), and Annual Electricity Consumption (TWh), 2000–2018

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

Ann

ual e

lect

ricity

con

sum

ptio

n

GD

P a

nd p

opul

atio

n

GDP (constant prices) ($bn) Population (million) Total consumption (TWh)

Source: GlobalData; IMF, 2013





Table 1: Power Market, Brazil, GDP ($bn), Population (million), and Annual Electricity Consumption (TWh), 2000–2018

Year GDP (constant prices) ($bn) Population (million) Total consumption (TWh)

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

Source: GlobalData; IMF, 2013




Brazil, Power Market, Market Analysis

4.2 Brazil, Power Market, Key Market Players

In 2012, Eletrobras was the largest company in the power generation market of Brazil, with a

market share of XX%. Companhia Energética de São Paulo had a share of XX%, while Companhia

Energetica de Minas Gerais and Tractebel Energia each had shares of XX%. Companhia

Paranaense de Energia had a share of XX%. Other smaller companies together made up the

remaining share of XX.

Figure 2: Power Market, Brazil, Market Share of Power Generation Companies (%), 2012

Eletrobras

Companhia Energética de São Paulo

Companhia Energetica de Minas Gerais

Tractebel Energia

Companhia Paranaense de Energia

Others

Source: GlobalData

Table 2: Power Market, Brazil, Market Share of Power Generation Companies (%), 2012 Company Share (%)

Eletrobras

Companhia Energética de São Paulo

Companhia Energetica de Minas Gerais

Tractebel Energia

Companhia Paranaense de Energia

Others

Source: GlobalData




Appendix

9 Appendix

9.1 Market Definitions

9.1.1 Power

The rate of production, transfer or energy use. It is usually related to electricity. Measured in watts

and often expressed in kilowatts (kW) or Megawatts (MW). It is also known as "real" or "active"

power.

9.1.2 Installed Capacity

The generator’s nameplate capacity (as stated by the manufacturer) or the maximum rated output

of a generator under given conditions. Installed capacity is given in MW on a nameplate affixed to

the generator.

9.1.3 Active Installed Capacity

The component of electric power that actually performs work. It is given in kW or MW.

9.1.4 Electricity Generation

The production of electric energy, achieved through the transformation of other forms of energy.

This term also refers to the amount of electric energy produced. It is measured in Gigawatt hours

(GWh).

9.1.5 Electricity Consumption

The sum of electricity generated, plus imports, minus exports, minus transmission and distribution

losses. It is measured in GWh.

9.1.6 Thermal Power Plant

A plant in which turbine generators are driven by burning fossil fuels.

9.1.7 Hydropower Plant

A plant in which the turbine generators are driven by falling water.




Appendix

9.1.8 Nuclear Power

The electricity generated by the use of thermal energy, released from the fission of nuclear fuel in a

reactor.

9.1.9 Renewable Energy Resources

Naturally replenishing energy resources that are limited in the amount of energy that is available

per unit of time. Biomass, geothermal, solar and wind energy are all renewable resources.




Appendix

9.2 Abbreviations

Table 26: Abbreviations ANEEL Agencia Nacional de Energia Eletrica

BRIX Brazilian Intercontinental Exchange

CAGR Compound Annual Growth Rate

CCEE Electric Energy Commercialization Chamber

CCGT Combined Cycle Gas Turbine

Ckm Circuit kilometer

CN Concrete

Cogen Cogeneration

EPE Empresa de Pesquisa Energética

ER Rock Fill

FDI Foreign Direct Investment

G20 Group of 20

GDP Gross Domestic Product

GW Giga Watt

GWh Gigawatt hour

HVDC High Voltage Direct Current

kV kilovolt

MME Ministry of Mines and Energy

MW Megawatt

ONS Operador Nacional do Sistema

PG Gravity Dam

PV Photovoltaic

SIN National Interconnected System

SOBEET Brazilian Society of Transnational Corporations and Economic Globalization

TE Earth Fill

TWh Terawatt Hour

Source: GlobalData




Appendix

9.3 Bibliography

Biller, D. and Lima, M.S. (2012). “Brazil Suffers Fifth Power Outage Since Crackdown on

Utilities”, BLOOMBERG L.P., October 26, 2012. Available from:

http://www.bloomberg.com/news/2012-10-26/brazil-suffers-fifth-power-outage-since-

crackdown-on-utilities.html. [Accessed on July 16, 2013].

BP Statistics, 2013. BP Statistical Review of World Energy June 2013 [database]. Available

from: http://www.bp.com/content/dam/bp/excel/Statistical-

Review/statistical_review_of_world_energy_2013_workbook.xlsx. [Accessed on July 11, 2013].

Castano, I. (2011). “Wind Could Become Brazil's Second Power Generation Source in 2015”,

RenewableEnergyWorld.com, November 22, 2011. Available from:

http://www.renewableenergyworld.com/rea/news/article/2011/11/wind-could-become-brazils-

second-power-generation-source-in-2015. [Accessed on July 16, 2013].

CIA (2013). Brazil: The World Factbook. Central Intelligence Agency. Available from:

https://www.cia.gov/library/publications/the-world-factbook/geos/br.html. [Accessed on July 16,

2013].

EIA, 2013a. Total Electricity Imports: Brazil [Database], 2012. Available from:

http://www.eia.gov/cfapps/ipdbproject/XMLinclude_3.cfm?tid=2&pid=2&pdid=&aid=3&cid=BR&t

itleStr=Total%20Electricity%20Imports%20(Billion%20Kilowatthours)&syid=2000&eyid=2012&f

orm=&defaultid=0&typeOfUnit=STDUNIT&unit=BKWH&products=. [Accessed on July 11,

2013].

EIA, 2013b. Total Electricity Exports: Brazil [Database], 2012. Available from:

http://www.eia.gov/cfapps/ipdbproject/XMLinclude_3.cfm?tid=2&pid=2&pdid=&aid=4&cid=BR&t

itleStr=Total%20Electricity%20Exports%20(Billion%20Kilowatthours)&syid=2000&eyid=2012&f

orm=&defaultid=0&typeOfUnit=STDUNIT&unit=BKWH&products=. [Accessed on July 11,

2013].

Flak., A. et al. (2013). “BRICS members China and Brazil agreed on Tuesday to trade in their

own currencies the equivalent of up to $30 billion per year, moving to take almost half of their

trade exchanges out of the U.S. dollar zone.”, Thomson Reuters, March 26, 2013. Available

from: http://in.reuters.com/article/2013/03/26/brics-summit-china-brazil-currencies-

idINDEE92P08O20130326. [Accessed on July 16, 2013].




Appendix

IMF, 2013. World Economic Outlook Database, April 2013 [database]. Available at:

http://www.imf.org/external/pubs/ft/weo/2013/01/weodata/download.aspx. [Accessed on July

11, 2013].

Ministério de Minas e Energia (2013). Resenha Energetica Brasileira; Exercício de 2012.

Ministério de Minas e Energia, 2013. Available from:

http://www.mme.gov.br/mme/galerias/arquivos/publicacoes/BEN/3_-_Resenha_Energetica/1_-

_Resenha_Energetica.pdf.

OECD (2013). FDI in Figures, April 2013. Organization for Economic Cooperation and

Development. Available from: http://www.oecd.org/daf/inv/FDI%20in%20figures.pdf.

Portal Brasil (2013). Wind power. Portal Brasil, 2010. Available from:

http://www.brasil.gov.br/energia-en/energy-matrix/wind-power/br_infografico?set_language=en.

[Accessed on July 11, 2013].

9.4 GlobalData’s Methodology

GlobalData’s dedicated research and analysis teams consist of experienced professionals with

backgrounds in marketing, market research and consulting in the power industry, and advanced

statistical expertise.

GlobalData adheres to the codes of practice of the Market Research Society (www.mrs.org.uk) and

the Strategic and Competitive Intelligence Professionals (www.scip.org).

The following research methodology is followed for all country outlook reports.

9.4.1 Coverage

This report gives detailed information on Brazil’s power market. It examines Brazil’s power market

structure and provides historical and forecast numbers for generation, capacity and consumption

up to 2030. The report provides insights on the market’s regulatory structure, import and export

trends, competitive landscape and leading active and upcoming power projects.

9.4.2 Primary Research and Analysis

Secondary research is further complemented through primary interviews with industry participants

to verify and fine-tune the market numbers obtained through secondary research and get first-hand

information on industry trends.




Appendix

The participants are drawn from a diverse set of backgrounds, including equipment manufacturers,

industry associations, government bodies, utilities, distributors, and academia. The participants

include, but are not limited to, C-level executives, industry consultants, academic experts, business

development and sales managers, purchasing managers, plant managers, government officials,

and industry spokespeople.

9.4.3 Secondary Research and Analysis

The capacity, generation and consumption data is collected and validated using a number of

secondary resources including but not limited to:

Government agencies, ministerial websites, industry associations, the World Bank, statistical

databases

Company websites, annual reports, financial reports, broker reports and investor presentations

Industry trade journals, market reports and other literature

GlobalData’s proprietary databases like the Capacity and Generation Database, Power Plant

Database and Transmission and Distribution Database.

Further to this, the following secondary information is collected and analyzed to project Brazil’s

power market scenario through to 2030, analyzing factors such as the following:

Brazil’s macro-economic scenario

Government regulations, policies and targets

Government and private sector investments

Contract and deal announcements

Utility expansion plans

The sector’s historic track record

Other qualitative insights built through secondary research and analysis of company websites,

annual reports, investor presentations, industry and trade journals, and data from industry

associations.




Appendix

9.5 Disclaimer

All Rights Reserved.

No part of this publication may be reproduced, stored in a retrieval system or transmitted in any

form by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior

permission of the publisher, GlobalData.

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GDPE0682ICR Brazil Power Market Outlook to 2030 · PDF file8.3.3 SWOT Analysis ... Brazil, Paraguay, Uruguay and Venezuela are members. In 2008, Mercosur entered into a free trade