Proinfa’s objective was to make possible the contracting of “non-conventional” renewable energy — biomass, small hydro and wind — even when these sources had production costs much higher than conventional hydropower, in order to send an investment signal.
At today’s prices, wind was contracted for about R$370 ($165) per MWh in that period, while biomass and small hydro were contracted at prices above R$200/MWh, in contrast to conventional hydro prices of around R$100/MWh.
