In 2023, Brazil's share of renewable electricity generation stood at 65.12% of the total electricity output. Historical data indicates a consistent downward trend from 76.69% in 2013 to 65.12% in 2023, with an average annual decline of approximately 1.53% over the last five years. The year-on-year variation shows a declining pattern ranging from -6.99% in 2013 to -1.52% in 2023.
Forecasted data from 2024 to 2028 suggests the downward trend will continue, with an average annual decline of 1.33%, resulting in a forecasted share of 59.87% by 2028. This reflects a significant reduction in renewable electricity generation's share, amounting to a cumulative decrease of 6.47% over the five-year forecast period.
Future trends to watch for:
- Potential policy changes aimed at reversing or mitigating the decline in renewable electricity share.
- Technological advancements increasing the efficiency and adoption of renewable energy sources.
- Evolving market dynamics, including investment patterns and sector-specific innovations.
