GDF Suez sees upside for wind in Brazil's unregulated market

French energy giant GDF Suez may expand its Brazilian wind ambitions to take advantage of rising prices in the country’s unregulated power market.

In contrast to Brazil’s federally-regulated tenders, which are offering prices that are far too low, the unregulated sector is likely to become more lucrative, says Mauricio Bähr, Brazil country manager for GDF Suez.

Wind power rates awarded at the most recent tender in December 2011 came in around R$106/MWh ($52.1/MWh). Bähr claims a more reasonable figure would be closer to R$135/MWh.

“We have seen some very aggressive bids in the last tender,” says Bähr, adding that GDF Suez believes winning bidders may have overestimated the capacity factors of their projects, with Log in to read complete article.

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