Insights · Best Project briefings

Briefings from both shores.

Quarterly notes from our Copenhagen and São Paulo desks on cross-border strategy, capital flows and the operating reality of Nordic–LATAM partnerships. Distributed in confidence; published when there is something material to say.

Market brief · 9 min read · March 2026

Why Brazilian renewables are the next Nordic priority

Three regulatory shifts in 2025 have made Brazil the most accessible LATAM market for Scandinavian energy capital in a decade.

ANEEL's revised auction framework, the new green-hydrogen tax regime, and the federal port-concession overhaul have together compressed the Brazilian energy entry timeline from thirty months to under fourteen — provided the partnership structure is right from day one.

The reserve-energy auctions reopen in Q3 2026. Nordic developers that intend to bid should be prequalified by June, which in practice means having a local minority partner already named and a BNDES-aligned capital structure already drafted. Both take longer than most boards assume.

The on-the-ground reality has shifted as well: Bahia and Ceará now offer faster grid connection than the southern states that dominated the last cycle. Legacy assumptions about 'where the projects are' are stale by two years. Capital allocators working from 2023 maps are quietly being out-positioned.

What we are watching closely: BNDES debêntures verdes pricing in H2 2026. If the curve lands where current indications suggest, EUR-denominated project finance loses its edge for the first time in a decade — and the structuring conversation moves decisively onshore.

By Best Project São Paulo desk

More briefings

Field note · 11 min read · February 2026

Inside a São Paulo–Copenhagen joint venture

How we structured a 30/70 governance model that survived the first hard quarter — and what every cross-border partnership gets wrong.

By Best Project Copenhagen desk

Practice · 7 min read · January 2026

The Nordic due-diligence standard, applied to LATAM

Most LATAM corporates can meet it. The question is who has translated it into the right cultural register before the first data request lands.

By Best Project cross-border DD practice

A confidential briefing, four times a year.

Cross-border market intelligence on Northern Europe ↔ Latin America. Reserved for senior corporate and institutional readers. No tracking, no marketing automation.

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