brazil

Delegates at this year’s COP30 summit agreed to a “global mutirão”, meaning “collective efforts”, to tackle climate change, but the final text of the summit includes no framework for reducing fossil fuel production.

Scatec posted development and construction (D&C) revenues of NOK1,760 million (US$175.1 million) in the third quarter of this year.

Voltalia is seeking compensation for the ongoing curtailment of its Brazilian solar and wind fleet, which has exceeded expectations this year.

Latin America has the potential to unlock billions in clean energy investment if it aligns national policies with global sustainability goals and investor expectations.

US solar tracker manufacturer Nextracker will supply 1.5GW of its products to a Brazilian solar PV hybrid project portfolio.

Independent power producer (IPP) Scatec has secured BRL150 million (US$27 million) for its 142MW solar PV plant in Minas Gerais, Brazil. 

Solar developer Atlas Renewable Energy has secured BRL1 billion (US$179 million) in financing for a 579MW Brazilian solar PV complex.

Renewable energy curtailment in Brazil is set to reach 8% across the country, and be as high as 11% in the north-east, by 2035.

Brazilian mining giant Vale has sold a 70% stake in a renewable power portfolio in the country, generating around US$1 billion in cash.

Solar PV growth is expected to slow down in Brazil and Chile due to ongoing issues of curtailment and transmission infrastructure.