Econergy International , a clean energy and carbon developer has just bought an 80% share in a Brazilian wind project.

An interesting facet of the deal which I admire is the 20-year agreement with Electrobras, Brazil's government owned electric company, who have agreed to purchase the electricity generated by the farm. A 20 year contract for a windfarm is a very good deal. Most of the time, it is only a 15 year Power Purchase Agreement, which quite often leads to only a few lean years of profits. A 20 year contract however lengthens the time horizon for the investment return and could allow government to more easily reduce the direct subsidies to windfarms.

Time rather than technology is the key to price competitive windpower today.