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Brazil

Brazil

Uruguay and Peru wind prices hit new low

SOUTH AMERICA: Wind-energy prices in South America are following the trend set by Brazil last week and continuing to fall.

Both Uruguay and Peru have recently completed wind-energy auctions with prices hitting $63/MWh and $69/MWh respectively.

However, none of these matched the record low prices set in Brazil, which awarded projects for as little as $61/MWh.

Uruguay’s second tender attracted 23 bids from 17 companies for just under 1.1GW. This was a significant reduction of the first tender where the lowest price was $85/MWh.

The Uruguayan state electricity company Usinas y Transmissiones Electricas (UTE) is currently studying the bids.

The trend for lower prices, compared to other parts of the world, correlates with Brazil. In last week’s auction the average prices were 23.1% less than last year.

Brazilian prices were already the lowest in the world — except in parts of northern China — from an auction system at $75/MWh.

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