Brazil contracted 1.4GW of new wind power projects to start operations in January 2023 at an average R$98.62/MWh ($30.76/MWh) – a record low price of for the technology in the country – with foreign players Enel, Iberdrola and EDPR the biggest winners.

The intense bidding in Wednesday's tender came as developers battled it out to win deals for a fraction of the 26GW of projects readied for auctions over the past two years.