"With the real so devalued and the current high liquidity in international markets, dollarising part of the PPAs in upcoming auctions could be a good idea," said Marco Meireles, CEO of Rio Energy during a panel session on financing.
The idea gathered momentum as investors, developers and turbine suppliers met in São Paulo to discuss perspectives on Brazil's wind sector at the invitation of industry body ABEEólica.
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Brazil wind mulls dollar-denominated PPAs as finance clouds gather
Brazil's wind power sector floated the idea of dollar-denominated power-purchase agreements (PPAs) in order to finance local projects, after the country’s interim government indicated that it could sharply reduce financing from the National Development Bank BNDES as part of a draconian fiscal package announced this week.
26 May 2016 8:14 GMT
Updated
25 October 2016 16:04 GMT
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