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Renewable energy companies suffer billion-dollar losses, leaving parks abandoned and the country drowning in debt!
The largest companies in wind power that operate in the Northeast of Brazil are facing one of the biggest crises in the sector, accumulating a injury de R $ 1,4 billion. This financial gap had a direct impact on operations and led several companies to suspend investments billionaires in new projects in the country. A situation worries both the market and the communities that lack progress in renewable energy in the region, according to Estado de Minas.
Power outage and impasse with the government
The central problem is linked to the technical restrictions and electricity sector regulations, which are limiting the transmission of energy produced by wind farms in the Northeast. The delay in transmission lines and substations reduces the ability of companies to deliver the energy generated, especially in states such as Ceará e Rio Grande do Norte . In addition to losing revenue, companies need to buy energy from thermal plants – more expensive and less sustainable – to honor their contracts.
Companies like CPFL , EDP , Engie e Voltalia have already reported significant losses. The CPFL , for example, accounts for losses of R$200 million in 2024 alone, while EDP has suffered cuts of up to 30% in generation, resulting in losses of R$ 3 million per week. Voltalia saw around 80% of its installed capacity cut, accumulating losses of R$111,2 million from January to September this year.
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Companies under pressure and risk of default
Given this situation, companies warn of the risk of a cascading crisis, which can affect everything from paying debts to banks to maintaining operations and rents of land where wind farms are installed. Industry executives speak openly about the impact of this crisis on the replacement of the renewable energy in Brazil, which has always been seen as exemplary.
Robert Klein, President of Voltalia for Latin America, described the situation as “the most critical we have ever experienced in the sector”. He highlights that many are without cash, and that this compromises future investments.We have projects totaling R$5 billion ready to be implemented, but as things stand, it is impossible to move forward.”, says Klein.
Legal action and search for a solution
With the lack of a quick solution from the ANEEL (National Electric Energy Agency), companies in the sector decided to take the case to court. They argued that the agency should consider the problems as external factors, relieving the companies of the losses and passing the costs on to the electricity bill . However, ANEEL has resisted the idea, which maintains the impasse.
Meanwhile, the National Electric System Operator (ONS) states that the restrictions are allowed to ensure the safety of the electrical system, since equipment failures can cause voltage fluctuations. However, industry leaders such as Elbia Gannoum, president of the Brazilian Association of Wind energy (Abeeólica), argue that the situation is “absurd and paradoxical”, because while there is excess energy generation in the Northeast, the Southeast is using more polluting and expensive thermal plants.
The crisis in the wind sector is a challenge for the future of investments in renewable energy in Brazil. Companies hope that the situation will be resolved as quickly as possible so that they can resume their expansion plans and contribute to the growth of a cleaner and more sustainable energy system in the country.
Why is it that Brazilian politics does not work in favor of RENEWABLE ENERGY? If they do a “serious” investigation, they will find out.
THE OLD LADY WHO RULES BRAZIL IS CERTAINLY TOTALLY INVOLVED IN THE PROJECT, OR IN OTHER WORDS, THE OLD CORRUPTION
ANEEL management appointed by ****... look what happens. SP is handed over to ENEL.
Don't say **** it was in the government of L and Dilma
The president of the BC also went, we will follow the next administration
Enell is full of **** appointed by Bolsonaro, the federal government cannot do anything until the deadline for this appointment ends.
It's going to be **** there in pqp
When did ENEL start?
Every whining businessman is suspicious. They always want to pass the bill on to the widow.
With this PT nothing moves forward. Only corruption
And it would certainly be much better with the **** of jewels, ineligible, ****…
Spare me this **** of accusing the PT!!!! There is a chance to remove the PT in 2026. They just need to vote for another candidate.
Shame on you. This is the president of the poor.
Only corruption in this federal and state sphere and also in the municipalities digested by this nefarious **** left
These companies make bizarre contracts with landowners that deceive and subtract rights, in addition to negatively impacting the environment and surrounding communities, they accumulate piles of lawsuits for land expropriation and civil actions, which start with bad intentions can only end badly.
Furthermore, every business has risks. But in Brazil, some companies want zero risk. When business goes badly, they blame the government and pass the bill on to the state and, consequently, to the taxpayer. These same companies advocate privatization, tax reduction and less government interference. But when they are in difficulty, they want government intervention and the money paid by the taxpayer.
It is the old neoliberalism always acting for the “privatization of profits and socialization of losses.
The problem is just one: the PT government's incompetence and corruption. 20 years of lying and stealing.
Pure truth, only corruption to screw over those who pay, the taxpayer, nothing comes out of their pockets 🦂
All private companies that are not up to the task in the energy sector, do not carry out maintenance, disappear with taxpayers' money, and want the government to foot the bill.
THE ORCRIM **** WILL SAY IT'S THE FAULT OF THE CLIMATE, THE WARS, THE IMPERIALISM..