The New York Times’s Green Inc. Blog recently reported that Brazil is preparing to host a government sponsored wind auction on December 14 in an effort to diversify their country’s energy portfolio. Brazil’s current energy supply is backed almost entirely by hydro power which creates immense difficulties when production from this sector slows due to droughts or infrastructure frailties. Having all your eggs in one basket, at least in terms of energy generation, is unwise and sooner or later, there are bound to be problems. Sao Paulo recently learned this lesson the hard way.

Attempting to proactively avoid such problems in the future, the Brazilian government is making a big investment in wind energy with plans to devote $6 billion to the burgeoning industry over the next two years.  Their first ever wind auction, which has attracted international players from the renewable energy field, has already received 441 proposals that tally up to 13.3 gigawatts of new wind energy. Of this collective figure, 2 gigawatts worth of projects are likely to be greenlit for development, most of which will be placed along Brazil’s 4,600 miles of coastline.

Brazil is already Latin America’s leader in wind energy with only 605 megawatts of installed capacity. The government has set a goal to increase that amount to 10 gigawatts by 2020. With energy consulting firms calculating Brazil’s technical potential for wind at a staggering 143 gigawatts there will definitely be room to grow for decades to come.