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Brazil’s wind farms bring cheapest electricity prices

Wind farms set record low generation prices, SMH, December 16, 2012 Four energy developers agreed to sell power from 10 proposed wind farms in Brazil at the cheapest rates ever.

Enerfin Sociedad de Energia SA, Renova Energia SA, EGP- Serra Azul and Bioenergy Geradora de Energia Ltda. won contracts to sell electricity to distributors for an average price of 87.94 reais ($41) a megawatt-hour, Brazil’s national energy agency Empresa de Pesquisa Energetica said in an e-mail yesterday. (Australian wholesale prices are about $50 per megawatt-hour, including the $23 carbon tax per tonne.)

“This is definitely the cheapest wind energy in the world,” Maria Gabriela da Rocha Oliveira, a Sao Paulo-based analyst with Bloomberg New Energy Finance, said in a telephone interview. It’s 12 per cent lower than the August 2011 auction that yielded an average price of 99.58 reais a megawatt-hour. That was the lowest price in the world for wind power then and the least expensive power in Brazil, beating natural gas and hydroelectricity…..  http://www.smh.com.au/business/carbon-economy/wind-farms-set-record-low-generation-prices-20121216-2bh4z.html#ixzz2FLfka1Ga

December 17, 2012 - Posted by Christina Macpherson | Brazil, business and costs, renewable