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Price of Wind Lower Than Gas, Hydro in Brazil Auction

As renewables across leading global markets strive toward grid parity, wind may have just become the cheapest option in Brazil.

In a government energy auction on Wednesday, 44 wind developers saw their bids accepted at an average price of 99.58 reais per megawatt-hour. That converts to about $62.07. Those wind developments would total more than 1,000 megawatts MW of new capacity. The Brazilian government also accepted bids for one hydro plant (102 reais, $63.58), four biomass plants (102.41 reais, $63.83) and two using natural gas (103.26 reais, $64.36). 

According to the Global Wind Energy Council, Brazil had just under 1,000 MW of installed capacity by the end of 2010. The country has seen strong growth in projects under construction and under development, and Wednesday’s news is expected to increase the nation’s wind energy efforts.

The news came on the same day that Danish wind giant Vestas announced that it was opening its first assembly plant in Brazil.


Rooftop Solar Panels

Hypocrisy? While Buffett Champions Renewables, His Company Fights Rooftop Solar

Mark Chediak, Noah Buhayar and Margaret Newkirk, Bloomberg Warren Buffett highlights how his Berkshire Hathaway Inc. utilities make massive investments in renewable energy. Meanwhile, in Nevada, the company is fighting a plan that would encourage more residents to use green power.
Renewable Energy Finance

Clean Energy ETFs Are on a Tear

Eric Balchunas, Bloomberg Green investing used to be synonymous with losing money. But while the S&P 500 Index is up 2 percent this year, and the MSCI All-Country World Index is up 5 percent, clean energy ETFs have double-digit re...

Wheels, Towers and Trees: Unconventional Renewable Energy Technologies in the Pipeline

Andrew Williams, International Correspondent A number of companies around the world are developing novel technologies in an effort to grab a slice of the global renewable energy market.  Although many of these technologies are simple incremental improvements to e...
UK Parliament Clean Energy Leaders

UK Government Names Clean Energy Cabinet Members

David Appleyard, Contributing Editor With the UK general election now over and a majority Conservative Party government in place, the re-elected Prime Minister David Cameron has now named key members of the government charged with steering the UK’s clean energ...
Renewable Energy World's network editors help deliver the most comprehensive news coverage of the renewable energy industries. Based in the U.S. and the UK, the team is comprised of editors from Pennwell Corporation's myriad of publications that ...


Volume 18, Issue 3


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