Brazil's Energy Mix Goes Green Even As Oil Production Climbs
Brazil is continuing to expand its renewable energy capacity thanks to favourable national policies and support from foreign investors. The South American giant has developed an impressive green energy industry in recent years, expanding its oil and gas production to strengthen energy security and establish its reputation as a regional energy hub. By 2025, Brazil had an impressively low-carbon…
Brazil is making significant strides in transitioning to a greener energy mix, with renewable sources accounting for 50% of its energy by 2025. This shift is driven by favorable national policies and support from foreign investors, as the country aims to bolster energy security and enhance its reputation as a regional energy hub.
In August alone, Brazil added 1.68 GW of solar, wind, and thermal capacity to the grid, bringing its total installed power generation capacity to 221 GW, with almost 85% derived from renewable energy. The World Bank has also provided financing to support low-carbon industrial commodities and enabling infrastructure in Brazil's Northeast region, which is expected to create employment and stimulate economic growth.
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