The previous low was in 2012, when the government set an extremely low cap price and 249MW was contracted.
Today’s average price was 0.85% below the R$179/MWh cap price, showing that there was hardly any competition during the tender.
That was expected, despite the strong appetite that developers are showing for Brazil's wind power market in general.
Investors were concerned about the grid-connection situation, given the short time frame to conclude projects.
