ANALYSIS: Players jostle for position as Brazil auctions begin

Brazil's first power auction of 2015, to be held on Monday (27 April), will be marked by strategic jostling as existing players try to consolidate their position in the 2GW-a-year market in the face of new entrants – and the return of old investors – amid higher prices and a maturing industry.

"Despite everybody's strong wish to be in the market, there are only serious investors now, and nobody will do anything foolish," Élbia Silva Gannoum, executive president of the Brazilian Wind Power Association (ABEEólica) told Recharge.

"We are at the end of a transition period, and investors have learned how the Brazilian wind power market works."

Nobody expects a huge level of competition in this initial auction, but all agree it will be an important benchmark as investors decide how to prepare for the next two tenders, scheduled for July and November, which both offer a longer three-year build-out time.

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