The sigh of relief was almost audible from Brazil’s wind power industry when — after two years without new development contracts — the government this month finally confirmed two technology-agnostic energy tenders for December.
But as Brazil hopes to reboot its once-booming wind industry, there remains a mixed feeling of optimism and uncertainty. Ongoing policy restructuring is forcing OEMs and investors alike to rethink strategies for what is still an unknown business environment, with deep changes in financing, industrial policy and contracting of new capacity.
