Forecast: Total Renewable Energy Share in the Total Final Energy Consumption in Brazil

As of 2023, Brazil's renewable energy share in the total final energy consumption was 45.46%. From 2024 onward, the forecast shows a steady increase, with values reaching 45.73% by 2028. The year-on-year growth is subtle, with increases of approximately 0.06 percentage points annually. This results in a compounded annual growth rate (CAGR) of around 0.12% over the five-year forecast period.

Future trends to watch for include:

• Technological advancements in renewable energy generation and storage.
• Policy shifts affecting renewable energy incentives and carbon emissions targets.
• Improvement in infrastructure supporting distributed energy resources.
• Potential economic factors that could influence energy consumption patterns.