Standing out for its strength in litigation, including administrative proceedings before ANEEL, the group at Souto Correa Advogados is also skilled at advising on the structuring and negotiation of transactions in the power sector, such as M&A and project finance debentures. The team also handles regulatory matters, project development, auctions and power purchase agreements for clients operating in all power segments, with notable recent activity in the solar space. The practice is led by São Paulo-based Tiago Figueiró, noted for his regulatory and transactional background in renewables, and tax specialist Rafael Santos, who joined the Rio de Janeiro office from Cescon Barrieu in September 2024. Eduardo Evangelista left the practice in December 2024.
Legal 500 Editorial commentary
Key clients
- Enel São Paulo
- CPFL – Companhia Paulista de Força e Luz
- Enel Rio
- Elera Renováveis (Brookfield)
- Alupar Investimento S.A.
- 360 Energy
- AXS Energia S.A.
- Mirai Energia Holding
- Gerdau Aços Longos S.A.
- Greenyellow do Brasil Ltda.
- Leroy Merlin
- Copérnico Energias Renováveis Ltda.
Work highlights
Assisted Aché with structuring and negotiating a self-generation transaction with Atiaia Energia S.A., covering consortium and lease agreements, power purchase agreements, derivatives, and ancillary documents for the Maravilhas II solar project, alongside a legal opinion on regulatory risks and potential legislative impacts.
Represented Mori/Comerc in four lawsuits against CEMIG to challenge the illegality of EUSD charges imposed before connecting over 40 photovoltaic plants and to recover undue payments involving a R$650m investment in distributed mini generation in Minas Gerais.
Represented Eletropaulo in four lawsuits before the Federal Court of Brasília to annul administrative fines totaling approximately R$110m, issued by the National Agency of Electric Energy.
Practice head
Tiago Figueiró; Rafael Santos
Other key lawyers
Otávio Domit; Matheus Senna