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Brazil's renewable energy sector has seen remarkable growth in recent years, with investments reaching **** billion U.S. dollars in 2023. This figure represents a slight decrease from the record-breaking **** billion invested in 2022, but still marks a significant increase compared to previous years. Overall, Brazil ranked as one of the regions with the highest renewable energy investment worldwide in 2023.

Solar power dominates investments

Solar energy has emerged as the primary focus of renewable investments in Brazil. In 2023, solar investments stood at approximately ** billion U.S. dollars, accounting for a much larger share than wind energy and biomass. The emphasis on solar power is further evidenced by Brazil's rapidly expanding solar photovoltaic capacity, which reached ** gigawatts in February 2025.

Renewable energy production in Brazil

In total, Brazil's renewable electricity generation reached a record high of terawatt hours in 2023, showcasing the country's commitment to sustainable power sources. Hydroelectric power plants remain the backbone of Brazil's renewable energy sector, accounting for approximately ** percent of the country's renewable power generation in 2023. Hydropower production reached about *** gigawatt hours during that year, and was followed by wind and solar power. This reliance on hydropower has helped Brazil maintain a high percentage of renewable sources in its electricity mix, with renewables contributing roughly ** percent of the country's electricity in 2023.