Brazil Hosts $39.3 Billion in Natural Gas-Fired Power Projects, an Industrial Info Market Brief

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Brazil is one of the leading countries in the development of renewable projects, thanks to its vast natural resources and wind and solar potential. But the country also shows a strong potential for natural gas-fired power projects, with almost $39.5 billion in active projects using natural gas as primary fuel, according to Industrial Info's project database. In particular, $35.3 billion worth is in the planning phase; $2.4 billion is in the engineering phase and $1.7 billion in projects is already under construction.

These projects, which total 44.45 gigawatts (GW) of new-build capacity, include large-scale, combined-cycle projects with a planned capacity above 1 GW, and peaking plants using internal combustion engines. Combined-cycle projects represent 39 GW of the total.

The projects are concentrated on areas close to the sea coast or near Brazil's borders with neighboring natural gas-producing countries; they depend on fuel imports through international pipelines or by ship in liquid phase and then re-gasified, or via offshore platforms.

Although no major cancellations have been made, the COVID-19 pandemic has affected the schedule of these projects, mainly due to the federal government's decision to suspend ongoing and planned power purchase agreement (PPA) auctions for the year.

Click here for a list of projects, and see map below.