P&L Energy

P&L Energy is an independent advisory and deal-intelligence service for gas turbine-based power generation across Brazil and broader Latin America. The wiki tracks projects, PPAs, financings and M&A, from gas supply and turbine OEM selection through EPC, project finance, regulatory and auction frameworks, and commercial operations. It is written for the executives who originate, structure and close these deals: IPPs, developers, EPCs, OEMs, infrastructure and private equity principals, lenders, gas suppliers, offtakers and regulators. See site-goals for the audience brief and page-3192007 for services and capabilities.

The core coverage is Brazil's regulatory reset. aneel has moved to a stricter enforcement posture and to institutionalized methodology. Key pages: the Âmbar LRCAP appeal denial (news-3215980), the 2.18 GW thermal habilitação and the end of the arbitrage trade (news-3215999), the LRCAP 2026 homologation and capacity price floor (news-3216090), and ANEEL's institutional maturation (news-3216095, draft-57). Gas-side pages cover the anp open-access framework for LNG terminals (news-3216295) and LatAm LNG import risk after Hormuz disruption (news-3216076).

Transaction pages anchor the analysis. news-3216405 and project-azulao cover Eneva and GE Vernova's 295 MW Azulão I gas-to-wire COD. news-3216048 and origem-energia cover the 371 MW Wärtsilä-Origem deal. news-3216568 and concept-turbine-slot-delivery-risk address how to allocate equipment-delay risk among IPPs, data center offtakers and lenders when turbine lead times run 5+ years.

U.S. FERC and PJM pages (data center interconnection, cost allocation, capacity markets, public power credit) are kept as structural analogues for Brazilian dealmakers, not as the main focus. The analysis is by page-3191983 (Philip Herold, 25+ years in energy development and contracting), with Portuguese, Spanish and Italian profiles in page-3191995, page-3192010 and page-3192009. Readers can subscribe to the newsletter for new analysis (2-3 articles per week plus a monthly roundup) on LatAm gas-to-power deals and regulatory moves.