The bank in its latest report, Investments Perspectives for 2015-2018, estimates wind power alone should reach R$35,5bn based existing contracted wind power farms.

This would be roughly 30% of total projected investments of R$118.8bn in power generation over that period. The biggest investment is expected to be in hydroelectric projects, which is estimated at R$65.3bn.

BNDES says that wind power has become competitive with 4.1GW