Brazil Sets Record with 93% Clean Electricity in 2023, Challenging Assumptions on Developing Nations' Energy Growth

Brazil generated nearly 93% of its electricity from clean sources in 2023, the largest share among major economies. Solar and wind power output increased sharply.

Hydro power still accounts for about 68% of Brazil's electricity, but solar has seen massive growth, increasing output by over 75% in 2023.

Total electricity generation in Brazil rose 4% in 2023, reaching a record 483 terawatt hours through September. This has helped meet rising domestic and export demand.

Brazil's clean energy growth contrasts with Europe, where total generation has declined due to fossil fuel restrictions. Brazil has overcome high interest rates and supply chain issues.

Brazil's world-leading clean power sector challenges assumptions that expertise is limited to wealthier economies. It may influence other countries' energy expansion plans.