Brazil could meet 84% of its electricity needs through renewable sources by 2024.
The country is expected to install 173GW of green energy capacity during the same period.
A report approved by the Brazilian Government revealed hydropower would provide the highest amount of power (57%) by 2024, with a capacity of 117GW.
Wind power would generate 11.5% of energy. That’s 23.9GW of installed capacity.
According to the report, small hydropower, biomass and solar would account for 32.6GW – 15.8% of total generation.
It also stated five million barrels of oil are expected to be produced per day.
Around two million barrels are forecast to be exported every day.