DEVELOPMENTBANKSANDENERGYPLANNINGATTRACTINGPRIVATEINVESTMENTFORTHEENERGYTRANSITIONTHEBRAZILIANCASEDisclaimerThispublicationandthematerialhereinareprovided“asis”.AllreasonableprecautionshavebeentakenbyIRENAtoverifythereliabilityofthematerialinthispublication.However,neitherIRENAnoranyofitsofficials,agents,dataorotherthird-partycontentprovidersprovidesawarrantyofanykind,eitherexpressedorimplied,andtheyacceptnoresponsibilityorliabilityforanyconsequenceofuseofthepublicationormaterialherein.TheinformationcontainedhereindoesnotnecessarilyrepresenttheviewsofallMembersofIRENA.ThementionofspecificcompaniesorcertainprojectsorproductsdoesnotimplythattheyareendorsedorrecommendedbyIRENAinpreferencetoothersofasimilarnaturethatarenotmentioned.ThedesignationsemployedandthepresentationofmaterialhereindonotimplytheexpressionofanyopiniononthepartofIRENAconcerningthelegalstatusofanyregion,country,territory,cityorareaorofitsauthorities,orconcerningthedelimitationoffrontiersorboundaries.©IRENA2024Unlessotherwisestated,materialinthispublicationmaybefreelyused,shared,copied,reproduced,printedand/orstored,providedthatappropriateacknowledgementisgivenofIRENAasthesourceandcopyrightholder.Materialinthispublicationthatisattributedtothirdpartiesmaybesubjecttoseparatetermsofuseandrestrictions,andappropriatepermissionsfromthesethirdpartiesmayneedtobesecuredbeforeanyuseofsuchmaterial.ISBN:978-92-9260-622-0Citation:IRENA(2024),Developmentbanksandenergyplanning:Attractingprivateinvestmentfortheenergytransition;theBraziliancase,InternationalRenewableEnergyAgency,AbuDhabi.AboutIRENATheInternationalRenewableEnergyAgency(IRENA)isanintergovernmentalorganisationthatsupportscountriesintheirtransitiontoasustainableenergyfuture,andservesastheprincipalplatformforinternationalco-operation,acentreofexcellence,andarepositoryofpolicy,technology,resourceandfinancialknowledgeonrenewableenergy.IRENApromotesthewidespreadadoptionandsustainableuseofallformsofrenewableenergy,includingbioenergy,geothermal,hydropower,ocean,solarandwindenergy,inthepursuitofsustainabledevelopment,energyaccess,energysecurityandlow-carboneconomicgrowthandprosperity.AcknowledgementsThisreportwaspreparedbyIRENAincollaborationwiththeBrazilianDevelopmentBank(BNDES)forTheGroupofTwenty(G20)undertheBrazilPresidency(December1,2023–November30,2024).ThereportwasdevelopedundertheguidanceofRolandRoesch(Director,InnovationandTechnologyCenterofIRENA)andLucianaCosta(Director,BNDES),wasco-authoredbyGuilhermeArantes(BNDES),RicardoGorini(IRENA),EmilioMatsumuraandCarlaPrimavera(BNDES).IRENAwouldliketoexpressitssincereappreciationtotheBrazilianDevelopmentBank(BNDES),Inter-AmericanDevelopmentBank,MinistryofMinesandEnergy(MME),MinistryofForeignAffairs(MRE)andtheEnergyResearchOffice(EPE)fortheirsupport.Theauthorsalsowishtothankthefollowingtechnicalexpertswhoreviewedthereportandprovidedinsightfulfeedback,specificcommentsandvaluableinputs:JorgeArbache(CAF),ThiagoBarral(MME),PedroBrancante(MRE),YongChen(IRENA),ElbiaGannoum(ABEEólica),DialaHawila(IRENA),ThiagoIvanoski(EPE),LucasLucena(BNDES),JulianoMartins(ABEEólica),AsamiMiketa(IRENA),BinuParthan(IRENA),RolandRoesch(IRENA),AlexandreSiciliano(BNDES)andMauricioTolmasquim(Petrobras).PublicationandeditorialsupportwasprovidedbyFrancisFieldandStephanieClarke.ThereportwaseditedbyEmilyYouers,withdesignbyPhoenixDesignAid.|3AT...