Current state of the Brazilian energy matrix

Estado atual da matriz energética brasileira

The Brazilian energy market, particularly with regard to renewable energy, represents a field of constant evolution and significant importance. Brazil, recognized for its predominantly renewable energy matrix, has shown a strong and growing commitment to sustainability and energy transition initiatives. This article aims to explore and elucidate the current dynamics, challenges and future perspectives of the renewable energy sector in Brazil.

Current State of the Brazilian Energy Matrix

Brazil stands out for its energy matrix with a high proportion of renewable sources. Data indicates that 46% of the country’s internal energy supply comes from renewable sources, almost four times the world average of 12%. In the electricity sector, this proportion is even more impressive, with 82% of electricity generated in 2019 coming from renewable sources, compared to just 25% on the global average.

Expansion and Investments in Renewable Energy

The year 2023 was remarkable for the expansion of the Brazilian electricity matrix, with an increase of 7 Gigawatts in installed capacity between January and August, of which 6.2 Gigawatts came from solar and wind sources. This increase increased the share of renewable sources to 83.79% of Brazil’s electrical matrix. With significant investments, such as the new Growth Acceleration Program (PAC) foreseeing R$73.1 billion in energy generation, of which R$64.8 billion will be allocated to renewable sources, Brazil continues to strengthen its role leadership in the global energy transition.

Green Finance and Expansion of Renewable Energy

The relationship between green finance and the expansion of renewable energy is notable. For example, BNDES has enabled several fundraising actions for the green economy, such as the issuance of green bonds and the preparation of the Sustainability Bonds Framework (SBF), stimulating the development of the green bond market in Brazil.

Free Energy Market

The free energy market in Brazil, which allows consumers with a certain load to contract energy directly from generators or suppliers, represents an important innovation. Currently, 86% of industrial energy consumption is in this environment, providing advantages such as better prices and the possibility of choosing sustainable generation sources.

Challenges and Future Perspectives

Despite advances, the sector faces challenges, such as the need to develop storage technologies to deal with the variability of renewable sources. However, prospects for the future are optimistic. The Energy Research Company (EPE) projects a significant increase in the share of solar and wind sources in the Brazilian electricity matrix in the coming years, with a relative drop in the share of hydroelectric plants.


Brazil demonstrates a robust and progressive trajectory in the field of renewable energy, reinforcing its role as a leader in the global energy transition. With policies and investments focused on expanding clean and sustainable sources, the country not only consolidates its prominent position, but also establishes an inspiring model for other countries to follow. The commitment to sustainability, combined with technological and financial innovations, places Brazil at the forefront of energy transformation, a crucial step towards a greener and more sustainable future.


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