The economy of Brazil is historically the largest in Latin America and the Southern Hemisphere in nominal terms. The Brazilian economy is the second largest in the Americas. It is an upper-middle income developing mixed economy. In 2023, according to International Monetary Fund (IMF), Brazil has the 9th largest gross domestic product (GDP) in the world and has the 8th largest purchasing power parity in the world.
The economy of South America comprises approximately 434 million people living in twelve nations and three territories. It encompasses 6 percent of the world's population.
Iberdrola is a Spanish multinational electric utility company based in Bilbao, Spain. Iberdrola has a workforce of around 40,000 employees serving around 30 million customers. Subsidiaries include Scottish Power and a significant part of Avangrid, amongst others. As of 2023, the largest shareholder of the company is the Qatar Investment Authority, with BlackRock and Norges Bank also holding significant interests.
Renewable energy plays an important and growing role in the energy system of the European Union. The Europe 2020 strategy included a target of reaching 20% of gross final energy consumption from renewable sources by 2020, and at least 32% by 2030. The EU27 reached 22% in 2020 and 23% in 2022, up from 9.6% in 2004. These figures are based on energy use in all its forms across all three main sectors, the heating and cooling sector, the electricity sector, and the transport sector.
Many countries and territories have installed significant solar power capacity into their electrical grids to supplement or provide an alternative to conventional energy sources. Solar power plants use one of two technologies:
CPFL Energia (former name: Companhia Paulista de Força e Luz) is the second largest non state-owned group of electric energy generation and distribution in Brazil and the third biggest Brazilian electric utility company, after Eletrobras and Energisa. The corporation is composed by CPFL Brasil, CPFL Piratininga, CPFL Paulista, CPFL Geração, CPFL Renováveis, Rio Grande Energia (RGE) and SEMESA. Each of these companies operates as a holding company that owns dozens of other companies. Its headquarters are located in Campinas, the third-largest city in state of São Paulo. In 2017, it was purchased by the Chinese utility State Grid Corporation of China, a state-owned enterprise under State-owned Assets Supervision and Administration Commission of the State Council.
Brazilian industry has its earliest origin in workshops dating from the beginning of the 19th century. Most of the country's industrial establishments appeared in the Brazilian southeast, and, according to the Commerce, Agriculture, Factories and Navigation Joint, 77 establishments registered between 1808 and 1840 were classified as "factories" or "manufacturers". However, most, about 56 establishments, would be considered workshops by today's standards, directed toward the production of soap and tallow candles, snuff, spinning and weaving, foods, melting of iron and metals, wool and silk, amongst others. They used both slaves and free laborers.
As of 2018, renewable energy accounted for 79% of the domestically produced electricity used in Brazil.
Brazil is the 7th largest energy consumer in the world and the largest in South America. At the same time, it is an important oil and gas producer in the region and the world's second largest ethanol fuel producer. The government agencies responsible for energy policy are the Ministry of Mines and Energy (MME), the National Council for Energy Policy (CNPE), the National Agency of Petroleum, Natural Gas and Biofuels (ANP) and the National Agency of Electricity (ANEEL). State-owned companies Petrobras and Eletrobras are the major players in Brazil's energy sector, as well as Latin America's.
Acciona Energía, a subsidiary of Acciona based in Madrid, is involved in the energy industry: the development and structuring of projects, engineering, construction, supply, operations, maintenance, asset management and management and sales of clean energy.
Solar power is a growing source in the Portuguese energy mix. At the end of 2020, solar power installed capacity totalled 1.03 GW and represented 3.6% of total power generation in 2020.
Planta Solar Fuente Álamo is a photovoltaic power station in Fuente-Álamo, Murcia in Spain. It covers an area of 62 hectares. The power station has a capacity of 26 megawatts and its annual output is 44 GWh, equivalent to supply electricity to 13,000 households.
Solar power in Romania had an installed capacity of 1,374 megawatt (MW) as of the end of 2017. The country had in 2007 an installed capacity of 0.30 MW, which increased to 3.5 MW by the end of 2011, and to 6.5 MW by the end of 2012. However, the record year of 2013 was an exception, and new installation fell back from 1,100 MW to a moderate level of 69 MW in 2014.
EDF Renewables is a wholly owned subsidiary of the French utility EDF Group, specializing in renewable energy production. As an integrated operator, the Group develops and finances the construction of renewable energy facilities, and manages operations and maintenance for its own account and for third parties.
Solar power in Mexico has the potential to produce vast amounts of energy. 70% of the country has an insolation of greater than 4.5 kWh/m2/day. Using 15% efficient photovoltaics, a square 25 km (16 mi) on each side in the state of Chihuahua or the Sonoran Desert could supply all of Mexico's electricity.
The total installed solar power in Brazil was estimated at about 34.2 GW at October 2023, which consists of about 15.6% of the country's electricity matrix. In 2022, Brazil was the 8th country in the world in terms of installed solar power capacity.
In 2022 Chile produced about 18% of its electricity from solar power, up from 7% in 2018. As of 2022, Chile produces the highest percentage of its electricity from solar in the world. At the end of 2021 Chile was ranked 22nd in the world in terms of installed solar energy.
The Cachoeira do Cai Dam is a planned hydroelectric dam on the Jamanxim River in the state of Pará, Brazil, with a capacity of 802 megawatts (1,075,000 hp).
The Cachoeira dos Patos Dam is a proposed hydroelectric dam on the Jamanxim River in the state of Pará, Brazil. Work has been delayed due to concern about environmental impact and lack of consultation with affected indigenous people.
The Jamanxim Dam is a proposed hydroelectric dam on the Jamanxim River in the state of Pará, Brazil.
