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Brazil's booming wind sector faces auction test

Wed, 08/17/2011 - 9:29am
Reuters

RIO DE JANEIRO (Reuters) - Brazil's blustery coastlines and booming electricity demand have spurred a wind-power gold rush as investors flock to build turbines and set up wind farms.

Yet, as wind projects slowly shed government protection to compete head-to-head with traditionally cheaper fossil fuel energy, government power auctions this week may reveal whether the wind-power investment euphoria is overblown.

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