Brazil’s top government energy planner, Thiago Barral, said the country needs to broaden the horizon of its long-term planning to 2050 and modernise 15-year old regulations in order to accommodate renewables in a liberalised market.
“When the current model was put in place, 80% to 85% of Brazil’s power was hydro but now we need a better allocation of risks since the price signals are distorted [by climate and technology changes].
