A survey presented in the 2034 Ten-Year Energy Expansion Plan (PDE), published by the Ministry of Mines and Energy (MME) and the Energy Research Company (EPE), projects a horizon of great opportunities for the energy sector in Brazil.
According to the study, the sector could receive investments of up to R$3.2 trillion by 2034, consolidating itself as a key player in the country's sustainable and economic development.
Expected to be signed by Minister Alexandre Silveira, the plan details growth prospects, the maintenance of high levels of renewability in the energy matrix and the expansion of access to clean and affordable energy, in alignment with the UN Sustainable Development Goals (SDGs).
Predominance of Investments in Oil and Natural Gas
More than 78% of the planned investments will be directed to the oil and natural gas industry, reflecting the strategic role of these resources in the Brazilian energy context. Despite the predominance of this category, the PDE 2034 reinforces the commitment to the energy transition, indicating that the share of renewable energy in the matrix will remain close to 50% over the next decade.
The Internal Energy Supply (EOE) is expected to grow by 2.2% per year, reaching 394.3 million tons of oil equivalent (toe) in 2034. This growth will also impact per capita availability, which will rise from 1.45 to 1.72 toe per inhabitant. Although still below the 2019 global average (1.87 toe/inhabitant), this evolution is an important step towards combating energy poverty in Brazil and promoting a fair and inclusive transition.
Expansion of Renewable and Distributed Energy
Another point highlighted is the strong presence of renewable sources in electricity generation. The PDE predicts that, in 2034, 86.1% of the Brazilian electricity matrix will continue to be composed of sources such as hydroelectric, biomass, solar and wind energy. Distributed generation and self-production will see a significant increase, rising from 15% in 2024 to 17% in 2034, with emphasis on solar and biomass, which include biogas and agro-industrial waste.
This progress reinforces Brazil's position as a global leader in renewable energy and demonstrates its potential for economic growth aligned with sustainability. Furthermore, the study's results signal an important contribution to SDG 7, which seeks to ensure clean, affordable and reliable energy for all by 2030.
The PDE 2034 not only highlights the robustness of the Brazilian energy sector, but also highlights the need for consistent public policies and coordinated efforts to attract the expected investments. The commitment to a balance between renewable sources and fossil fuels promises to guarantee energy security and increase Brazil's competitiveness on the global stage.
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