Windpower Monthly rating 3.5/5
Our rating is based on a combination of project pipeline, political and policy support, investor confidence and structural readiness of the country in terms of grid infrastructure, permitting process and local supply chain.
Forecast of installed and operating wind power capacity based on the latest statisitics and measured against the Windpower Intelligence database.
Almost 45% of Brazil’s primary energy demand is met by renewable energy, according to the IEA, though dominated by hydro.
Regular power auctions, with long lead times provide route to markets for wind projects, although these were cancelled during the period of economic and political instability in 2015 and 2016.
Two auctions were held in 2017, with more planned in 2018 and beyond.
Roughly 2GW of wind power each year is to be procured, supporting the country’s supply chain which has been built over a number of years thanks to high local content requirements for projects, GWEC stated.
Support from the Brazilian national development bank (BNDES) continues, and will remain vital while investors regain confidence in South America’s largest wind market.
At times in 2017, wind provided 10-11% of Brazil’s demand, this figure was higher in the windy northeastern regions, where share rose to 60%.
The government is targeting 28.5GW capacity by 2026.
BRAZIL: With the decade-old wind industry still expanding in Brazil, the operations and maintenance business is expected to grow from $157 million to $500 million in the next five years
BRAZIL Brazil's wind power industry is set for another stellar year in 2015, with installed capacity set to grow by two thirds to almost 10GW.
UK: The precise location has yet to be chosen and details of the courses that will be offered remain sketchy, but the UK's first national college for wind energy is scheduled to open its doors to students in autumn 2016.
LATIN AMERICA: Favourable wind resources and government policy have driven exponential expansion in the Latin American wind market. Predictions that by 2020 capacity will have grown fivefold are making the region a safe haven for beleaguered US and European manufacturers.
WORLDWIDE: Signing a power purchase agreement used to be the best way to secure finance for wind projects across the globe, but in today's uncertain climate their long duration and fixed costs can damage suppliers' credit ratings.
Brazil's national development bank (BNDES) has approved BRL 1.26 billion ($370 million) in financing for Engie's 360MW Umburanas wind power complex -- the bank's first large-scale loan for the technology under climate change-denying president Jair Bolsonaro.
GE Renewable Energy has received the first order for its Cypress turbines in Brazil, winning a deal to supply EDF Renewables with 25 5.3MW units.
A GE turbine collapsed at a wind farm in north-east Brazil, injuring a worker and sparking a probe into the fifth such incident this year, the manufacturer confirmed.
Just two developers secured power deals for 95.2MW of wind power capacity in Brazil's latest tender, as average bid prices for the technology fell 11.5%.
Brazil has scheduled the first energy auction under president Jair Bolsonaro for 27 June, the first round of biannual tenders to be held through to 2021.