BNDES (National Bank for Economic and Social Development) reported that it is closely monitoring the worsening crisis in energy generation in the country.
Responsible for financing a large portion of Brazil's renewable power plants, the bank has signaled that it will review credit agreements and even grant relief on the financial obligations of companies affected by generation cuts — known as curtailment.
Luciana Costa, director of Infrastructure, Energy Transition and Climate Change at BNDES, said in an interview with FSP that the institution will act in the defense of companies and in the preservation of enterprises.
"BNDES is the world's largest renewable energy financier. Many of these solar and wind renewable energy generators are bank clients. We've been monitoring them," she said.
The executive also reinforced that the bank will maintain a collaborative stance in the face of the financial difficulties faced by the sector.
"BNDES is a bank that won't shut down projects or hold a knife to the throats of companies that lose revenue. We will negotiate the release of reserve accounts, waivers if necessary. We will protect the projects and stand by the client,” he emphasized.
Generation cuts soar
Renewable energy generation cuts increased 230% between January and August 2025 compared to the same period the previous year, generating estimated losses of R$3,2 billion for the sector. This is according to a study from the consultancy Volt Robotics, based on data from the ONS (National Electric System Operator).
According to the survey, the cuts — known as curtailment — totaled 51 MW average between January and August 2022. This volume grew to 150 MW average in 2023 and soared to 3.256 MW average in 2025.
The cuts in the generation are determined by the ONS (National Health System) to balance the electricity system. With the rapid expansion of solar and wind power plants, excess generation at certain times and a lack of energy flow capacity have led to a forced reduction in production, compromising companies' revenues and putting pressure on the sector's financial sustainability.
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An answer
"BNDES is a bank that won't shut down projects or hold a knife to the throats of companies that lose revenue. We will negotiate the release of a reserve account.
This will be done for the large arms of the dealerships themselves.
And for us small entrepreneurs and installers, we will have to close,
Year 2024 (Official data from Aneel)
Centralized Generation/Free Market
Eternal and Increasing Subsidy.
* Large Consumer Consumer Units: 66.986
* Subsidies: R$ 13,05 billion
* Equivalent to R$ 194.840,46 per consumer unit / year
Plants centralized in a single location without network infrastructure to drain money, money goes abroad to large multinational groups.
Distributed generation
– Law 14.300: Consumers already pay for the network, subsidy reduces year after year, according to the current Rampage
* Small consumer consumer units: 5.747.247 million
* Subsidies: R$ 11,61 billion
* Equivalent to R$ 2.020,11 per consumer unit/year
*practically just over 01 minimum wage per year*
Which subsidy is democratic and generates jobs and development in more than 5000 municipalities?
Who is a billionaire who financed all the media coverage after the small-scale victory in MP1300 and wants to attack the small-scale subsidy to appropriate this share and guarantee their billion-dollar profits for multinationals that, without planning, benefited from perpetual discounts from the grid, but forgot that there is no grid where they concentrated the construction of the plants and that is why there are power outages. The fault lies not with the rooftop, but with the greed and disorder of major multinational executives who now finance the media to attack rural and commercial producers, whose only way to save is by generating on the rooftop.