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What Accounts For the Drop in Price of Wind Power?

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Please use this identifier to cite or link to this item: http://hdl.handle.net/1928/15062

What Accounts For the Drop in Price of Wind Power?

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Title: What Accounts For the Drop in Price of Wind Power?
Author: Inter-American Dialogue’s Latin American Energy Advisor
Subject(s): Latin America
Brazil
wind
power
energy
price
industry
production
market
competition
investment
turbine
demand
BNDES
contract
supply
policy
sustainable
development
electricity
OEM
Abstract: In a Brazilian energy auction last month, companies agreed to sell power at the world's cheapest rates for wind energy, leading some analysts to speculate that developers will have difficulty fulfilling those contracts, Bloomberg News reported Aug. 31. Recently completed auctions in Peru and Uruguay similarly saw prices for wind power fall significantly, and the Uruguayan government is now considering purchasing four times as much energy than expected from wind farms. What accounts for the dramatic drop in price for wind power? Is the trend likely to continue in these countries and elsewhere? Will companies have trouble fulfilling the contracts?
Date: 2011-09-30
Publisher: Inter-American Dialogue
Citation: Inter-American Dialogue’s Latin American Energy Advisor, September 30, 2011; pp. 1, 3-4. Also online at www.thedialogue.org.
URI: http://hdl.handle.net/1928/15062

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