Brazil was the third country in the world that saved the most by replacing fossil fuels with renewable sources in 2025, according to a report released by IRENA (International Renewable Energy Agency) this Thursday (3).
The figures reinforce the strength of the Brazilian renewable energy market, even amidst increasing curtailment incidents and ongoing debates related to reverse flow in distribution networks.
According to the survey, the renewable energy generation installed in the country avoided an estimated US$32 billion in expenses related to the purchase of fossil fuels throughout last year.
Brazil was behind only China, which recorded savings of US$177 billion, and the United States, with US$35 billion. India and Germany followed, both with US$18 billion, as well as Japan, with US$15 billion.
Globally, installed renewable capacity will have avoided an estimated US$480 billion in fossil fuel expenditures by 2025.
The Agency's report also highlights that the benefits of renewable energy have gone beyond simply reducing generation costs and have come to represent a tool for energy security and protection against geopolitical shocks.
According to the organization, these advantages became even more evident earlier this year during the energy crisis caused by the temporary closure of the Strait of Hormuz, an event that significantly increased international gas and oil prices.
“For countries that still rely heavily on fossil fuels, every additional megawatt of renewable energy strengthens economic protection against fuel price volatility, shielding consumers, businesses and public finances from higher costs,” said Francesco La Camera, Director-General of IRENA.
Check out the full IRENA study by clicking here. here.
all the content of Canal Solar is protected by copyright law, and partial or total reproduction of this site in any medium is expressly prohibited. If you are interested in collaborating or reusing part of our material, please contact us by email: redacao@canalsolar.com.br.
