GC Solar 23.61 GW GD Solar 53.65 GW
International market

MP 1304: Macron asks Lula to maintain compensation for companies affected by curtailment.

French president calls for protection for international investors; while Brazil fears impact on electricity bills in an election year.

MP 1304: Macron asks Lula to maintain compensation for companies affected by curtailment.

Emmanuel Macron is concerned about investments by French companies in Brazil. Photo: Alex Ferro/COP30

The cuts in renewable energy generation determined by the ONS (National System Operator) — the so-called curtailment — went beyond the national debate and began to drive international diplomatic discussions during COP30, held in Belém (PA).

According to sources heard by Folha de S.Paulo, who followed the meetings parallel to the conference, the President of France, Emmanuel Macron, took advantage of his presence at the event to make a direct request to President Luiz Inácio Lula da Silva (PT): that the Brazilian government not veto the amendment to Provisional Measure 1.304, which provides for compensation to companies affected by the cuts.

The dialogue took place last week during the Leaders' Summit. The French government's concern is that a potential veto could affect companies from the European country with a significant share in the Brazilian renewable energy market.

The Macron government is particularly concerned about investments in renewable energy made by French companies, such as TotalEnergies, which owns 34% of Casa dos Ventos, one of the leading developers of wind power projects in Brazil.

France is not the only nation monitoring the issue, but it has been the most active in demanding action. Despite the appeal, members of the Presidential Palace have already indicated to parliamentarians that Lula intends to veto the provision.

The main justification is the fear that the compensation will result in increased electricity bills for consumers, which could impact the president's image with the population in 2026, precisely in an election year. The deadline for a decision is November 24th.

Silveira leaves COP30 for emergency meeting in Brasília (DF)

Late in the afternoon of last Thursday (13), the minister of Mines and EnergyAlexandre Silveira left Belém (PA) and returned to Brasília for a meeting with Lula. The meeting addressed, among other topics, the vetoes foreseen in Provisional Measure 1.304, which also deals with issues of energy transmission and contracting.

The economic team and the political core of the government are advocating for a veto on the reimbursement, arguing that the measure transfers private costs to the government. consumer tariffForeign companies and representatives argue that the lack of compensation compromises the attractiveness of the Brazilian market.

all the content of Canal Solar is protected by copyright law, and partial or total reproduction of this site in any medium is expressly prohibited. If you are interested in collaborating or reusing part of our material, please contact us by email: redacao@canalsolar.com.br.

Henrique Hein
About the Author
Henrique Hein

He worked at Correio Popular and Rádio Trianon. He has experience in podcast production, radio programs, interviews and reporting. Has been following the solar sector since 2020.

Comments

Comments are moderated before publication.

Comments should be respectful and contribute to a healthy debate. Offensive comments may be removed. The opinions expressed here are those of the authors and do not necessarily reflect the views of the author. Canal Solar.

Leave your comment

Canal Solar
Privacy

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognizing you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.