EPE predicts almost R$600 billion in investments in the electricity sector by 2034

Distributed generation is expected to generate R$117 billion over the next 10 years

1 min 52 sec read

Over the next 10 years, investments in generation (centralized and distributed) and transmission of electrical energy are expected to reach R$597 billion by 2034.

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This forecast is detailed in the Consolidation of Results of PDE 2034 (Decennial Energy Expansion Plan 2034), published last Thursday (7) by the MME (Ministry of Mines and Energy) and the EPE (Energy research company).

The resources will be distributed into three main categories. Centralized generation will receive the largest share, totaling R$352 billion. Distributed generation is expected to generate R$117 billion, while the transmission sector is expected to receive R$129 billion for the expansion of the electricity grid over the ten-year horizon.

Expansion of the electricity matrix in 2024 exceeds 9,35 GW

According to EPE calculations, solar energy is expected to grow by 13,1 GW, of which 4,54 GW (equivalent to 90 projects) have already been contracted. Another highlight is the forecast of contracting 800 MW in energy storage systems and 2 GW in Demand Response.

Regarding the growth of large hydroelectric plants, approximately 6,3 GW will result from the modernization of existing plants, out of the 6,4 GW planned. In addition, the addition of 3,2 GW of hydroelectric capacity is projected, combining PCHs and CGHs. EPE also estimates that wind energy should grow by 15,5 GW by 2034.

The 2034 PDE projects a significant expansion of natural gas-fired power plants, totaling 28,1 GW over the period, of which 3,8 GW will come from new contracts with plants already in operation. In contrast, an expansion of 2,27 GW is expected in biomass-fired power plants.

Furthermore, the plan foresees the expansion of the transmission system by 30.128 km of lines, of which 24.400 km are scheduled to come into operation by 2029.

Finally, EPE had already announced that the forecast is that distributed generation will exceed 70 GW of installed power by the end of 2034..

It is estimated that the renewability of the electrical matrix will reach 86,1% in 2024, with the reduction in the share of hydroelectric plants offset by wind and solar sources.

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energy storage renewable energy EPE (Energy Research Company) GD (distributed generation) centralized generation PDE 2034

Wagner Freire

Wagner Freire is a journalist graduated from FMU. He worked as a reporter for Jornal da Energia, Canal Energy and Agência Estado. Covering the electricity sector since 2011. Has experience in covering events such as energy auctions, conventions, lectures, fairs, congresses and seminars.