BlackRock-backed Atlas Renewable Halts $1 Billion Brazil Solar Projects Due to Grid Issues
Atlas Renewable Energy, supported by BlackRock, has paused $1 billion in planned solar investments in Brazil. The decision is driven by high curtailment rates and frequent rejections of renewable power by the national grid operator. Atlas, a major solar power producer in South America, has an extensive portfolio of renewable projects, but the growing curtailment rates, which reached 27% for solar in 2025, have become a significant barrier. The lag in transmission infrastructure development compared to capacity additions is cited as a primary cause of these challenges. 
