Brazilian Energy Auction: Engie, Taesa, and Cox Win with Steep Discounts

Brazil’s recent energy transmission auction concluded with remarkable outcomes. Three transmission line blocks were successfully auctioned, resulting in an average discount of 48.89% on the maximum Annual Permitted Revenue (RAP). The total accepted RAP value amounted to R$ 282.6 million ($52 million), a substantial reduction from the maximum of R$ 553 million ($101 million). Engie […]