Brazil · Energy
Key Facts
—The ruling: a federal court in Brasilia rejected a request to suspend the Brazil energy auction held in March, a decision read as a win for the government’s strategy and for regulatory predictability.
—The disputed number: the National Confederation of Industry asked for the auction to be suspended, claiming costs of up to R$800 billion (about $144 billion) over the life of the contracts.
—The scale: the auction drew 368 registered projects offering more than 126 gigawatts of capacity, contracting thermal and hydroelectric power on 15-year terms.
