The hydroelectricity consumption in Brazil has exhibited fluctuating trends over the past decade. From 2013 to 2022, there were periods of both declines and increases. Notably, there was a significant rise of 17.29% in 2022 compared to a year-on-year fall of 8.8% in 2021. By 2023, hydroelectric consumption stood at 4 Exajoules, marking a slight decrease of 0.22% from the previous year.
The compounded average growth rate (CAGR) over the last five years leading up to 2023 was 1.54%. Looking ahead, from 2024 to 2028, the forecasted CAGR is projected at 0.87%, suggesting modest growth.
- Monitor developments in renewable energy policies and investments in Brazil.
- Watch for technological advancements in hydroelectric power generation and storage.
- Consider the impact of climate change on hydroelectric resources and consumption patterns.