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Energy and utilities
The Energy sector plays a pivotal role in economic and social development by supplying what might be described as the “flow of blood” to production and transportation systems. Its main objective is to ensure the reliable, affordable and clean energy needed by modern societies, thus contributing to well-being and prosperity around the globe.
The Energy sector involves the generation, transmission and distribution of electricity derived from a variety of sources, including fossil fuels, nuclear power and renewable sources. It also includes activities concerned with fuels themselves, which extend along the entire value chain, such as oil and gas extraction and transportation, coal mining, refining of petroleum products, and wholesaling and retailing of fuels.
The biofuels sector in Brazil is an integrated industry with both domestic and global relevance. Thanks to its massive agricultural output, steady government support, and vast domestic market, the country ranks among the world's largest producers of ...
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According to the International Renewable Energy Agency (IRENA), Brazil ranked third globally in 2023 for renewable energy installed capacity, totalling 194,084 MW, behind only China (1,453,701 MW) and the United States (385,204 MW). This achievement ...
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According to the International Energy Agency (IEA), demand for global electricity grew by an estimated 4.3% y/y in 2024, up from 2.5% in 2023, driven by expanded electrification globally. Most of the 2024 growth came from emerging economies, ...
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In 2024, electricity generation in Latin America and the Caribbean (LAC) grew by 5.5%, primarily driven by the expansion of wind and solar photovoltaic plants, as well as an increased share of natural gas in the energy matrix. In order of ...
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In 2023, Brazil's electric energy sector recorded an installed capacity of 225.2 GW, reflecting a 9.6% y/y increase from 205.5 GW in 2022, marking the largest single-year expansion since the EPE's inception in 2004. Renewable energy sources ...
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Between 2022 and 2023, Colombia's renewable energy sector entered a dynamic phase of transformation, marked by a strategic shift towards expanding the capacities of solar, wind and hydroelectric power. The country has seen a surge in investment and ...
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Colombia ranks highly in Latin America's electric power market due to its sizeable population and large hydropower resources. However, the reliance of its economy on fossil fuels and limited manufacturing hold it back from being a regional powerhouse ...
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