Forecast: Renewable Power Generation in Brazil

Renewable power generation in Brazil has seen substantial growth over the past decade, with a significant increase from 47.55 TWh in 2013 to 135.75 TWh in 2023. Year-on-year growth has varied, peaking at 24.72% in 2014 but generally decelerating since, with the growth rate standing at 3.46% in 2023. The five-year compound annual growth rate (CAGR) has decreased from 17.79% in 2013-2017 to 5.01% in 2018-2023. The forecasted CAGR for the next five years (2024-2028) is projected to be around 2.14%, reflecting a more moderate but steady growth trajectory.

Future trends to watch for include technological advancements in renewable energy, government policies favoring green energy, and investment in infrastructure. Shifts in global energy markets and local economic conditions will also play critical roles in shaping the future of Brazil's renewable power sector.