• 3 minutes Electric cars may make driving too expensive for middle classes, warns Vauxhall chief
  • 6 minutes Natural gas mobility for heavy duty trucks
  • 12 minutes Colonial pipeline hack
  • 5 mins U.S. Presidential Elections Status - Electoral Votes
  • 5 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 1 hour Texas Power Outage Danger Until June 18th. Texans told to conserve energy!
  • 1 day Succession Planning in Human Resources for Vaccinated Individuals in the Oil & Gas Industry
  • 4 hours Will Liquid Metal Batteries Become the Standard for Large Batteries?
  • 2 days Federal Judge Says Biden Probably Wrong for Halting Drilling on Federal Land

Breaking News:

Norway Expands Arctic Oil Exploration

Big Oil Used Instagram And Gen Z Lost It

Big Oil Used Instagram And Gen Z Lost It

Big oil has begun using…

Bankruptcy: A Cheap Way Out Of Trouble For Oil Companies

Bankruptcy: A Cheap Way Out Of Trouble For Oil Companies

Oil companies are using loopholes…

Brazilian Wind Energy Projects Advance in Government Auction

Power auctions organized by Brazil’s government on 17 August have indicated the country’s growing interest in renewable power projects, particularly wind.

Forty-four wind power projects with a total capacity of 1,067 megawatts succeeded in the auction, winning 39 percent of the total capacity contracted, offering an average price of $ 62.91 per megawatt/hour, MercoPress news agency reported.

The prices achieved mean that the country’s growing wind sector can continue lowering generation costs, boosting investment both in wind farms and equipment manufacturing facilities.

Prior to the auction government-run energy research group EPE head Mauricio Tolmasquim said, “Before you had a situation in which wind power always needed someone holding its hand, or to have the government behind it — now wind power is strong enough that it can scare the big players.”

Seven years ago the Brazilian government created an incentive program that offered to buy wind power at higher rates than other types of generation. As a result, by 2010 wind farms were offering to sell power 50 percent below the average price during the government incentive period as new technology, tax breaks and more equipment manufacturing became available.

Foreign companies now entering the Brazilian wind energy market include Spain’s Gamesa  and France’s Alstom, both of which have invested in equipment factories in the country, while U.S. power giant General Electric  and India’s Suzlon Energy (NSE:SUZL.NS) are considering expanding their existing production bases there.

By. Joao Peixe, Deputy Editor OilPrice.com



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News