PUBLICATION
Brazil Power 2014
Brazil’s vast electricity market, the largest in Latin America, is the envy of the world with renewables contributing more than 80% of the country’s installed capacity of 121,823 megawatts (MW). Brazil is blessed with the third largest hydroelectric potential in the world, after China and Russia, and has put it to good use with hydropower contributing 85% of renewable electricity generation capacity.
As Brazil’s population continues to grow, the country will need to increase power generation every year by roughly 5 gigawatts. In order to meet growing demand for power, the government is expanding generation capacity through new renewable sources, such as wind and solar power, while at the same time diversifying away from hydro due to environmental concerns.
RECENT PUBLICATIONS
A convergence of high-commodity prices and low valuations, on the back of a structural deficit in exploration and discoveries, has set the perfect scene for increased M&A. The leverage is particularly high for acquisitions in Latam North and the Caribbean, where stocks do not command the high premiums of tier-one jurisdictions. But M&A is only a quick fix to the global resource replenishment crisis.
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MACIG
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