Mauricio Tolmasquim says that while demand grew less than expected in Brazil, several major hydro projects expected to come online in the next few years mean there is “less space” for new power projects.

Rechargerevealed last month that the country’s A-3 energy tender — the primary vehicle for contracting wind energy — may be cancelled this year and next, as distributors say they face an oversupply of contracted power.

“If