Local investors such as Renova Energia, CPFL Renováveis, Casa dos Ventos, federal power companies and other smaller, investment fund-backed developers, stayed out of the tender, which also contracted 1.15GW of solar but means Brazil ends 2015 well off the pace compared to previous years' levels of wind procurement.

Rio Energy – the renewable power investment arm of US private equity fund Denham Capital – won contracts for six projects with a combined capacity of 216MW.

Portugal's