Current efforts of the Brazilian government to exploit the country’s vast wind power potential are bearing fruit . Wind power in Brazil is set to exceed 5,000 MW by 2013, a five-fold increase from the current installed capacity. Here’s the forecast from a study ‘Analysis of the regulatory framework for wind power generation in Brazil’ undertaken by Global Wind Energy Council (Gwec) in cooperation with the Brazilian Wind Energy Association (ABEEólica), with support from the Renewable Energy and Energy Efficiency Partnership (REEEP).
Brazil currently has 1,120 MW of installed wind power capacity in 55 wind farms, mostly located in the eastern coastal states of the country. In addition, several energy auctions held since 2009 have added 5,175 MW of projects contracted by the Ministry of Mines and Energy, which would bring to country’s wind power installations up to more than 7,200 MW by 2014 and attract more than 12 billions US dollars in investment.
“International experience has shown that long-term investor certainty is key for developing and sustaining a market for wind power,” said Ramon Fiestas, Director of GWEC’s Latin American Committee and author of the study. ”The positive outcome of the auctions and the competitiveness of wind power need to be reflected in Brazil’s future electricity planning.”