The supply of renewable energy in Brazil has experienced various fluctuations over the past decade. In 2013, the supply stood at 39.42 units and saw minor declines until 2014, with a slight increase toward 2015. Between 2016 and 2020, there was a commendable growth with a peak of 47.87 units in 2020. However, the trend showed a decline post-2020, remaining stable at around 44.16 units from 2023 onwards. In 2023, the supply was 44.16 units, a data point critical to understanding recent trends.
Year-on-year variation highlights a decrease of 0.023% in 2023. Notably, a 5-year CAGR before 2023 stands at -0.27%, showing a slight overall decline compared to the steady projections.
The forecasted data from 2024 onwards indicates a flatline trend with no significant variations, emphasizing a stabilized renewable energy supply at approximately 44.15 units. The 5-year CAGR forecast to 2028 is 0%, showing a stagnant growth rate.
Future trends to watch for:
- Technological innovations in renewable energy that may alter the predicted flatline growth.
- Government policies and investments aiming to boost renewable energy infrastructure.
- Market dynamics, global energy prices, and potential economic factors influencing renewable energy supply.
