Wind and solar power fuel over one-third of Brazil's electricity for first time
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- Wind and solar power generated over one-third of Brazil's electricity in August, a first for the country.
- Clean energy sources accounted for 34% of electricity generation, producing a record 19 TWh.
- Hydropower output fell to a four-year low, contributing only 48% of electricity in August.
- Fossil fuels made up just 14% of generation, a significant drop from previous drought years.
- Wind and solar power have doubled their share in Brazil's energy mix over the past five years.
- Brazil's power sector emissions have fallen 31% since 2014 despite a 22% increase in electricity demand.
- Experts highlight Brazil's shift from hydro-based to a diversified energy mix including solar and wind.
- Brazil is the only G20 country on track to meet COP28 renewable energy targets.
- Concerns were raised about market distortions from subsidies and the risk of increased fossil fuel use in future auctions.