But the euphoria appears to have hit a roadblock, as the country faces an oversupply of power, albeit one that hopefully will prove short-lived.
The long-term view remains optimistic, as wind energy offers some of the cheapest electricity rates in the local market and projects can be built quickly — unlike large hydro schemes.
“This will be a year of great caution, but not pessimism,” says Elbia Melo, president of the Brazilian wind association, ABEEólica.
