Lula’s Next Test Is an Energy Crunch: Analyst Reaction (Podcast)
Brazilian President Luiz Inácio Lula da Silva will enter his fourth term with an energy system transformed by electrification. The country’s rapid wind and solar growth has created a curtailment...
By Bloomberg · Bloomberg
Brazilian President Luiz Inácio Lula da Silva will enter his fourth term with an energy system transformed by electrification. The country’s rapid wind and solar growth has created a curtailment crisis, weighing on investment and increasing the need for greater grid flexibility and power-market reform. Meanwhile, surging EV sales are boosting local auto manufacturing while threatening future demand for Brazil’s huge biofuels industry. Policy continuity may not be enough to manage these pressures