Brazilian Wind Power Now Cheaper Than Natural Gas
August 28, 2011
“...That wind power could reach these lows versus natural gas was unimaginable until recently.”
- EPE president and chief executive Mauricio Tolmasquim
Wind power in Brazil now costs less than natural gas. Brazil’s National Electric Power Agency held a series of energy auctions last week. During the auctions, 78 wind power projects, out of 92 projects, nabbed contracts.
EPE predicts Brazil’s wind power potential of 143 gigawatts (GW) could increase to 300 GW with better use of turbine technology. EPE also predicts that the Brazilian use of wind power will increase to 60 percent between 2010 and 2020.