The wind power sector in Brazil has witnessed tremendous and very fast growth between 2006 and 2011. The cumulative installed capacity for wind power has multiplied by almost six times during 2006-2011. This growth is anticipated to continue in future also with overall installed capacity is estimated to cross 10 GW by 2016. This growth in installed capacity has been due a result of rising awareness in Brazil to switch to green sources of power and a consequent rise in demand for wind power across the nation.
The Wind farm auctions process followed by the Brazilian government has been the major contributor towards the unprecedented growth of the wind power market in recent years. The auction process adopted by the government has not only contributed in the past growth trajectory attained by wind power market but it has also led to the favorable platform required for the growth levels to be achieved in the future.