Brazil has been steadily deregulating its power market over the last two decades. This - combined with one of the largest shares of renewables in the generation mix of any advanced economy, alongside hydrocarbon production in the ‘Pre-salt’ off the coast - has made it a hugely dynamic market with lots of opportunity for participants, both domestic and international.
What is Brazil’s generation mix and power market structure? How volatile is the market and why? What pressures do participants face? How has liberalisation survived multiple political changes and what might the future hold?
Joining Paul Chapman to discuss these issues is Adriana Waltrick, CEO of SPIC, the fifth largest power generation company in Brazil.