The renewables sector in Brazil has just gotten a little less state-heavy, with national development bank BNDES accepting an offer from US-based AES Corp to take over its stake in AES Tietê, a renewable energy company that operates hydroelectric plants and wind power parks. AES Corp’s bid for BNDES’ stake, though unsurprising, may be seen as a good omen of foreign interest in Brazil’s renewable energy platform, says Joisa Dutra, director of the Infrastructure Regulation Center (FGV-Ceri), speaking to The Brazilian Report.
“The [renewables] sector has revealed a certain maturity in its capacity, including in relation to other infrastructure segments,” explains Ms. Dutra, who is also a former board member of Brazil’s electricity regulator Aneel, adding that the capacity to attract capital to the sector...
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