Forecast: Renewable Energy Supply in Brazil

From 2013 to 2023, the renewable energy supply in Brazil displayed general growth with occasional fluctuations. 2023 concluded with a total primary energy supply value of 45. There were notable increases from 2015 to 2018, with a peak year-on-year growth rate of 5.42% in 2016. However, the following years saw a more stabilized growth rate, closing with a modest 0.45% year-on-year increase in 2022 and 2023. Over the last five years, the compound annual growth rate (CAGR) was 0.13%, indicating slow and steady progress.

Looking forward to the forecasted data from 2024 to 2028, the growth rate is expected to maintain a similar pace. The CAGR for this period is projected at 0.26%, with an overall growth rate of 1.33%. This suggests a consolidated and continuous development of renewable energy supplies in Brazil.

Future trends to watch for include:

• Technological advancements in renewable energy that may accelerate supply growth.
• Government policies and incentives promoting renewable energy adoption.
• Potential market disruptions or innovations that could influence energy supply dynamics.
• Impact of global climate initiatives and Brazil's commitment to international energy agreements.