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?
Inter-American Dialogue's Latin American Energy Advisor. "What Accounts For the Drop in Price of Wind Power?." (2011). https://digitalrepository.unm.edu/la_energy_dialog/153