IN-DEPTH: The Brazil dilemma

Four years ago, when Brazil held its first national wind tender, there were only two turbine makers in the country

Four years ago, when Brazil held its first national wind tender, there were only two turbine makers in the country

The world’s leading turbine makers have tough decisions to make.

Either they invest millions of dollars in new production facilities in Brazil, or they must leave one of the world’s fastest-growing wind markets knowing that they may never be able to return.

It is a huge risk either way.

Staying in Brazil will require an investment of about R$100m ($46m), according to industry sources. Yet the market is so competitive that current profit margins are almost non-existent, and there is no guarantee — even for the major players — that they will ever see a return on this investment. With an Log in to read complete article.

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