Eletrobras is Latin America’s biggest electricity company, responsible for around 30% of Brazil’s power capacity and 50% of all its transmission lines
. In 2021, the Brazilian government announced it would reduce its controlling shares in this state-owned company from 72% to 10%
. Given Eletrobras’ dominant role in Brazil’s power sector, this divestment in the government’s controlling shares merits a more complete understanding of the implications for Brazil’s energy transition and energy security.