A Brazilian court on Wednesday cleared a hurdle for the government's renewal of concessions contracts representing 60% of the energy distribution market in South America's largest country. Brazil's government has been working since 2022 on new guidelines over the extension of energy distribution contracts, but it has yet to release a final version, already affecting one concession. On Wednesday Brazil's court of auditors said that new guidelines would not need its approval, a decision which could help streamline concession renewals.