Brazilian wind power now cheaper than natural gas

Seventy-eight wind power projects won contracts in last week’s energy auctions held by Brazil’s National Electric Power Agency, totalling 1,928MW and priced at approximately 99.5 reals (£37.4) per MWh.

By comparison, the average price for power generated with natural gas is currently 103 reals (£38.7) per MWh in Brazil, while the average price for energy determined through the auctions was 102.07 reals per MWh.