Brazil Wind Developers Win Contracts for 1.5 Gigawatts
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Developers of wind farms in Brazil agreed to build 1.5 gigawatts of power plants for a 25.6 percent higher price compared to the last offer in a government-organized auction for contracts to sell power from new facilities.
The 66 projects will sell electricity at an average rate of 110.51 reais ($46.57) a megawatt-hour and must go into operation by Sept. 1, 2015, the country’s electricity trading board Camara de Comercializacao de Energia Eletrica said today on its website.