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Wind Power Cheaper Than Ever in Brazil, Almost as Low as Mexico

  • EDF had winning wind-power bid for $20.23 a megawatt-hour
  • Auction expected to spur 5.3 billion reais of investment
Brazil Plans To Triple Capacity To Generate Wind Power

Photographer: Adriano Machado/Bloomberg

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Pent-up demand and cheaper equipment helped drag down wind-power prices to the lowest ever in Brazil, and almost reaching the Latin America record.

Electricite de France SA won contracts to sell power for 67.6 reais ($20.23) a megawatt-hour from four wind projects, according to results posted online Wednesday by Brazil’s Electric Energy Trading Board. That came close to a bid from rival Enel SpA of $18.14 a megawatt-hour in a Mexican auction in November.