The Brazilian wind market continues to power ahead, having emerged over the last few years as a growth markets for the wind industry globally. With more than 2000MW installed as of today, there is a total of more than 8,000MW contracted out to mid-2016.
The auctioning system adopted by the Brazilian government in 2009 has resulted in wind power becoming very cost-competitive with all other forms of generation in the country, although these low prices have put pressure on manufacturers and developers alike. Furthermore, the rapid growth has meant that there have been delays, both in construction and in infrastructure development. Of the 1,800MW auctioned in 2009, it now appears that only about 1,000MW of this will come on line in 2012, much of this due to the lack of available connections, but also because of construction delays. However, the additional capacity will come on line in 2013. The authorities responsible for the grid system need to adapt to the speed and extent of wind power development in Brazil. One of the keys to the success of the Brazilian wind market is the availability of long term financing from the Brazilian National Development Bank, BNDES.
The auctioning system adopted by the Brazilian government in 2009 has resulted in wind power becoming very cost-competitive with all other forms of generation in the country, although these low prices have put pressure on manufacturers and developers alike. Furthermore, the rapid growth has meant that there have been delays, both in construction and in infrastructure development. Of the 1,800MW auctioned in 2009, it now appears that only about 1,000MW of this will come on line in 2012, much of this due to the lack of available connections, but also because of construction delays. However, the additional capacity will come on line in 2013. The authorities responsible for the grid system need to adapt to the speed and extent of wind power development in Brazil. One of the keys to the success of the Brazilian wind market is the availability of long term financing from the Brazilian National Development Bank, BNDES.
