Flavia Marinho

On March 18, 2026, Brazil held the largest energy auction in the country’s history. The 2nd Capacity Reserve Auction, known as LRCAP 2026, contracted 18.997 gigawatts of power to strengthen the National Interconnected System in the coming years. According to the Electric Energy Commercialization Chamber, CCEE, the auction contracted 100 plants, moved R$ 515.7 billion in total revenue over the contracts, recorded an average discount of 5.52%, and generated R$ 64.5 billion in investments.

Atlas Renewable Energy, controlled by Global Infrastructure Partners, BlackRock’s infrastructure unit, suspended plans for $1 billion in new renewable energy investments in Brazil. The decision halts about 1.5 gigawatts in projects that were planned for the country and exposes a bottleneck that has been pressuring solar and wind generators. According to Reuters, the decision was made in light of the increase in generation cuts, known in the sector as curtailment.

The Brazilian government inaugurated on June 26, 2026, a tax and customs attaché office in Beijing to strengthen cooperation with China, reduce bureaucratic obstacles, and boost bilateral trade, which today exceeds US$ 150 billion, more than R$ 775 billion, per year between Brazil and China.