Camila Ramos, founder and CEO of CELA – Clean Energy Latin America in São Paulo: “The slowdown in utility-scale wind power capacity growth can be attributed to several key factors, including: the reduction of annual renewable energy auctions, which previously allocated gigawatts of new capacity; an oversupply of energy within the Brazilian Interconnected System, leading to the curtailment of wind and solar power generation; high interest rates, making infrastructure investments less attractive to potential investors; a prolonged period of low short-term power prices, which has disincentivized power consumers from contracting energy for the long term; and incentives created by the Inflation Reduction Act in the United States and the Green Deal in Europe that have attracted global renewable energy players, drawing their focus away from the Brazilian market. In response, the government has announced measures…”
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A sister publication of the Inter-American Dialogue’s daily Latin America Advisor, the weekly Energy Advisor captures fresh analysis from business leaders and government officials on the most important developments in oil and gas, biofuels, the power sector, renewables, new technologies, and the policy debates shaping the future of energy in the Western Hemisphere and beyond. To subscribe or for more information, contact Gene Kuleta, editor of the Advisor, at gkuleta@thedialogue.org.












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