Brazil's latest wind-power auction contracted new wind power generating capacity for an average price of 110.51 Brazilian reais ($46.37) per megawatt-hour. About 1,500 megawatts of new generating capacity is set to come online by September 2015 and supply backup energy to Brazil's national electricity grid for a period of 20 years. The wind farms will require an estimated investment of about BRL5.46 billion. This was the first wind-power auction that operated under stricter rules, according to the Wall Street Journal. To participate, companies had to have access to existing transmission networks.
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