Insight
Brazil's 2026 Capacity Auction results overview: 19.5 GW contracted but competition falls flat
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Report summary
Brazil's 2026 Reserve Capacity auction awarded 8.1 GW of existing thermal capacity and 11.4 GW in new hydro and gas projects, driving system expansion through 2031. The results confirm Wood Mackenzie's pre-auction forecast and reveal critical insights into Brazil's power market evolution through 2031.
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