The good news is that electricity demand in Brazil rose in January, indicating that the worst could be over for its power sector.

But the country is far from out of the woods: political strife is still taking a toll, clouding what could be the confirmation of a positive outlook for renewables.

Government energy experts will probably be poring over figures to understand if the uplift was down to a long-awaited economic recovery, which would usher in the restart of power tenders this year.