Tough price competition for offshore wind in Brazil
The more than 100 offshore wind projects in the early-stage pipeline in Brazil will have tough price competition from other renewables.
Brazil has held regular auctions awarding 15 or 20-year PPAs to various power sources including onshore renewables, with strike prices for onshore wind coming in below 30 EUR/MWh. Although some recent auctions have seen higher strike prices for hydro power, offshore wind projects in Brazil will still need to pull every lever they can to ensure they can compete with other renewables.
Could one of those levers be pulled by Chinese OEMs coming into the market?
In Aegir Insights' Wavelength Intelligence Briefing at the start of COP 30 in Brazil next week, Lead Analyst for the Americas, Signe Sørensen, and Head of Supply Chain Victoria Toft will discuss whether the offshore wind market in Brazil will finally take off, the rising interest of Chinese OEMs in the market and what that could mean for Brazil’s development as a market.
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Brazil offshore wind market update
Huge potential but route-to-market uncertainty: What is the actual appetite for offshore wind in Brazil and who will bid in its upcoming auction? Read more here.
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