Summary
- Eletrobras reported a net profit of R$1.742 billion for Q2 2024, a 7.6% increase from the previous year.
- EBITDA reached R$6 billion, marking a 9.6% rise year-over-year.
- Strategic initiatives included a share-buyback program, incorporation of Furnas, and focus on sustainable energy sources.
- Brazil’s energy sector relies heavily on renewable sources, with challenges in new hydropower development.
