Northeast Governors Open Fortaleza Powershoring Seminar as Fonteles Presses Fix for Renewable Curtailment

Overview

• Rafael Fonteles opened a powershoring seminar at Banco do Nordeste in Fortaleza with governors’ representatives and invited experts.
• He urged Congress to extend hydropower-style indemnification to wind and solar plants when grid operators curtail output, citing the need to unlock investment.
• He called for medium-term upgrades to transmission and deployment of battery storage financed with domestic resources.
• He said the Northeast receives only 9.9% of productive credit despite 14% of GDP and 27% of the population, noting a R$10 billion call drew R$130 billion in proposals.
• Organizers frame powershoring around the region’s 78% share of Brazil’s installed wind and solar capacity to attract energy-intensive industry and build low-carbon port-centered clusters.