Summary
Large-scale solar developers in Brazil have surrendered authorizations for over 40 GW of capacity and $26.3 billion in lost investment due to curtailment rates of around 25% and uncertainty over compensation. New curtailment rules offer greater certainty, but a recovery in investment will depend on other factors. The pace of authorization cancellations has accelerated, with the pipeline of projects falling from 60 GW in January to 40 GW in the first half of the year.