It is particularly challenging for emerging and developing economies (EMDEs) to attract private investment due to these perceived or real higher risks, unpredictable returns and the private sector’s preference for investing in low-risk mature markets. Moreover, the current financing environment has become more complex, with increasing macroeconomic risks and higher interest rates to mitigate inflationary pressures. Brazil has, however, set a valuable example through its national development bank (the Brazilian Development Bank [BNDES]) and its planning authority (Ministry of Mines and Energy [MME]), with the assistance of its energy planning agency (the Energy Research Office [EPE]) and the broader domestic institutional framework, on how to expand renewable energy and infrastructure by scaling up private investments. The Brazilian example also demonstrates how the expansion of domestic industry supply chains can increase jobs and deliver positive local economic impacts via energy transition-related projects.