UPDATE: 2.3GW wind in Brazil A-5

The latest Brazilian national power tender saw deals struck by 97 wind projects, totalling 2.34GW of installed capacity.

The average asking price for wind power in Friday’s A-5 competition was R$119 ($51) per MWh, 2.45% below the initial price cap.

Altogether, these projects will require $8.7bn in investments.

The result means that in 2013, Brazil has bought more than 4.6GW of wind capacity.

Although allowed to participate in the auction, no solar project was successful.

The number of wind projects awarded in the tender was a great surprise for the industry, as before the auction sources estimated that wind would bite around 1GW of the A-5's total demand.

However, due to the lack of Log in to read complete article.

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