"The government raised the price at the last auction, but there was little participation," said Gamesa Brazil managing director Edgard Corrochano during a press conference after inaugurating the company's 640MW a year nacelle-assembly facility. "The ceiling price needs to be R$200 or more."
Higher financing costs, delays in the expansion of the country's transmission grid and a strong devaluation of the local currency have eroded gains from projects.
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