Global commodity company begins operations in the Brazilian electric sector after obtaining regulatory license and reinforces expansion strategy in Latin America
Trafigura, one of the largest global commodity trading companies, received authorization on June 12, 2026 from the National Electric Energy Agency (ANEEL) to operate in the electricity trading market in Brazil.
With this, the company starts operating in the largest energy market in Latin America, expanding its international presence and strengthening its role in the energy segment.
Moreover, the company’s entry into the country represents a new step in its regional growth strategy.
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Entry into Brazil strengthens Trafigura’s expansion in the electric sector
With the license granted by ANEEL, Trafigura’s energy trading area is prepared to operate in the Brazilian market.
Thus, the company will be able to conduct buying and selling of electricity operations with generators and other traders.
Additionally, it will also be able to participate in structured operations and long-term contracts such as PPA (Power Purchase Agreement).
At the same time, the company will be able to evaluate investment opportunities in assets linked to the energy sector.
Brazil was chosen after analysis of international opportunities
Currently, Trafigura already operates in the energy markets of Europe and the United States.
In this context, the decision to enter Brazil came after a detailed analysis of expansion opportunities in different regions.
According to the company, the country was selected due to the market size, consolidated regulatory structure, and the presence of a wide network of companies in the sector.
Moreover, the Brazilian business environment was considered compatible with the company’s accumulated experience in global operations.
Brazilian market combines scale, regulation, and renewable matrix
Currently, Brazil is considered the sixth largest energy market in the world.
Over the past decades, the country has undergone significant structural reforms in the electric sector.
Additionally, about two-thirds of Brazilian electricity generation comes from hydroelectric sources.
As a result, the country has one of the largest shares of renewable sources in the global electricity matrix.
On the other hand, the dependence on water resources also influences energy prices.
Thus, changes in climatic conditions can cause seasonal fluctuations in supply and the values traded in the market.
Company highlights regulatory environment and local team
According to Marc Erb, Head of Energy and Gas Trading at Trafigura in Brazil, the country represents the main gateway for the company’s energy trading in Latin America.
According to the executive, the Brazilian market combines a consolidated regulatory environment, a broad partner base, and a structure capable of leveraging the company’s international experience.
Furthermore, the company claims to have formed a robust local team to support the expansion of operations.
Operation will be conducted from Rio de Janeiro
The energy trading area of Trafigura will be headquartered in Rio de Janeiro.
At the same time, the company reported that the team was predominantly formed by Brazilian professionals.
The back-office activities will receive support from the company’s office in Montevideo, Uruguay.
Trafigura operates in more than 150 countries
Founded over 30 years ago, Trafigura is an employee-owned company engaged in the global trading of oil, derivatives, metals, minerals, natural gas, and electricity.
Additionally, the company invests in projects related to the energy transition through MorGen Energy and the joint venture Nala Renewables.
The Trafigura Group also includes assets such as Nyrstar, Puma Energy, Impala Terminals, and Greenergy.
Currently, the group has approximately 14,500 employees, of which more than 1,400 are shareholders, maintaining operations in more than 150 countries.
Source: Trafigura and National Electric Energy Agency (ANEEL).

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