Brazil will hold an A-3 auction on June 6, an A-5 auction in September and is preparing a reserve auction for some time in the second half, which will include solar power.

“We expect 1GW to be commissioned at each of the three auctions,” Yamamoto says.

This is below the 4.7GW of new wind projects that signed contracts after last year's three auctions, but above the 2GW annual average commissioned at regular auctions since 2009.

Yamamoto