The cap price for wind compares with R$117/MWh in last year's reserve auction and R$129/MWh in this year's A-3 auction in June - which has comparable time scales for the commissioning of wind projects.

The projects that are awarded wind contracts in the reserve auction next month will start operations on 1 October 2017. June's A-3 requires power projects to start operations on 1 January 2017.

The