EnergyWatch

An improved Brazilian wind market could be far-off

Brazil's weakened economy and low energy demand mean that the country's wind market is at a standstill.

The Brazilian wind market is on the road to a significant decline after the country's government resisted the pressure to carry out new bidding rounds on wind projects. The country's weakening economy and subsequent low energy demand have prompted authorities to pull the brakes.

The last time Brazil allocated licenses to new wind and solar energy projects was in 2015, and it does not seem likely that there will be new project allocations this year.

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