Brazil to invest $5.5 billion in renewables by 2013
According to CleanTechies : ” The Brazilian government earlier this month held a wind, hydroelectric and biomass auction that is expected to prompt US$ 5.52 billion in investments in renewable energies in Brazil. “
” (…) Brazil currently holds 65 percent of the installed potential for wind power generation in Latin America. The country currently maintains 45 wind farms, totaling 794 MW of power, or just 0.7 percent of the Brazilian energy supply mix. “
Nearly half of Brazilian electricity comes from renewable energies. Out of which, hydro accounts for 80 percent. The local electricity demand grows by around 7 percent per annum.