“There
is
a
little
bit
of
danger
of
this
euphoria
over
prices,”
he
says.
“The
challenge
now
is
to
create
the
conditions
for
these
projects
to
be
built
and
be
profitable,
and
that’s
not
going
to
happen
by
itself.”
He
says
developers
are
going
to
need
government
support
with
infrastructure,
financing
and
reducing
administrative
and
other
barriers
if
they
are
to
be
successful.
Sawyer
cautions
that
the
lowest
prices
bid
in
August’s
tenders
reduce
the
margin
of
error
“to
almost
zero”.
“I
think
R$132
[$80]/MWh
is
eminently
doable.
I
think
R$120
is…
