Pages For Salvador Bahia Brasil Resources for Travel in Brazil

Thursday

BUSINESS IN BRASIL: NEW INVESTMENT VISA LAW CHANGES

investment visa learn moor about bahia brasil
Important update for anyone looking to conduct business in Brasil.

By Jose Santiago
September 13, 2011

The new Normative Resolution number 95 amends the Investment Visa Rules as follows: Resolution number 95 of 10th of August 2011, changes the rules for concession and renewal of certain investment visa types.

Below are the most important changes:

Kind of visa: Permanent visa for administrators

Sunday

THE SECRET'S OUT. WHO WOULDN'T WANT TO LIVE HERE?

Thanks to Doug over at Brazil Beach Living for sharing this article with me.



An absolutely stunning Saturday here, still a bit more breezy than normal but an azure blue sky prevails and the crispy clean air is alive with the sentiments of summer approaching.  NE Brazil has the cleanest air on the planet according to NASA.  In JP you still need to stay near the beach to avoid pollution but it is still tiny compared to all the other NEast Capitals. 

As much as I adored living in Laguna Beach south of Los Angeles, CA the brown haze out over the ocean took it's toll on the benefits. 

International Living just sent out this Pathfinder article on JP. We already know why this area is special so this is kind of a warning as much as anything else! This is the last bastion, the last still relatively "undiscovered" sweet spot in Tropical Beach Brazil living. 

We couldn't hide for long.

Onward and magic, 

Douglas and fam

__________
Who Wouldn't Want to Live Here?
Saturday, September 17, 2011
Dear Reader,
ne brazil

Looks nice, doesn't it? If you're picturing yourself spending time here ...relaxing on the sand, soaking up some rays, enjoying life...you're not alone. This Brazilian city is a retirement and relocation hotspot. And there's a way for you to profit from its popularity.

Tuesday

NEW RICH CLASS: BRAZILIAN YACHT MARKET ON THE RISE

business in brasil
This Aug. 10 photo shows Marcio Christiansen, CEO of Ferretti Group Brazil, at the company's show room in Sao Paulo.
If the rising wealthy class in any indication, business is doing good in Brasil.
By

Marcio Christiansen reeled off tales of the growing ranks of rich Brazilians who visit his luxury Ferretti yacht showroom, where clients sip espressos on an oversized sable sofa and electronic music bubbles in the air.

One man paid $2 million for a ship, Christiansen said, after succumbing within 30 minutes to his kids' pleas of "Buy it, daddy, buy it!" Another toured the sparkling 53-foot yacht on the showroom floor, then asked to discuss it over lunch.

"The waiter comes over to take our order and the client asks to borrow a piece of paper from his pad," said Christiansen, CEO of Ferretti's Brazil group. "He starts working out a contract on it and we've agreed to it before I've asked for a sandwich."

Monday

BRAZIL BOOM DRAWS AMERICANS EAGER TO PROFIT

economy of brazil

Foreigners Follow Money to Booming Brazil, Land of $35 Martini

business in brasil
Daniel Kfouri for The New York Times
Ipanema Beach in Rio de Janeiro. Prices for prime office space in Rio became the highest for any city in the Americas this year.
By SIMON ROMERO
Published: August 12, 2011

RIO DE JANEIRO — Pondering the financial storms lashing Europe and the United States, Seth Zalkin, a casually dressed American banker, sipped a demitasse and seemed content with his decision to move here in March with his wife and son.

Saturday

BRAZIL'S STILL SPENDING! NO SLOWDOWN IN SIGHT

No Major Slowdown As Brazil Consumers Still Happily Spending

 As consumer confidence dwindles in the U.S. , farther south in Brazil the local consumers are still happily spending and not even double digit interest rates are enough to truly scare them away. That’s because Brazilians on balance are fast moving into the middle class. More than half of the population is now solidly middle class compared to well less than that five years ago.  When looked at month over month, consumer spending rose a meager 0.2% in June as the government’s macroprudential measures to slow inflation by raising interest rates all year showed their strength.

Monday

NOW YOU CAN OPEN A BRAZILIAN LLC WITHOUT A LOCAL PARTNER

At last: Individual limited liability companies in Brazil

The Law is fresh and new.  The LEI Nº 12.441, DE 11 DE JULHO DE 2011. has been published today, finally bringing the Individual Limited Liability companies to the Brazilian Civil Code.

What does that mean?

It means that individual foreign investors will not need a local partner in order to start a business in Brazil

Wednesday

BYE BYE TOURIST VISA?

It's about to become very easy to come to Brazil!
This is one reason why the Obama Familia came down here to meet with the Dilma, Brazil's President.
Brazil just doubled the amount of Consulates in the US.  They expect to receive a lot more Americans soon.  Click here to see the updated Brazil Consulate list.

In as little time as one year, the US may add Brazil to their Visa Waiver Program (VWP), meaning Brazilians wouldn’t need a tourist visa to enter the US. As part of the visa reciprocity rules between the two countries, this would mean that Americans wouldn’t need a tourist visa to enter Brazil.

The applying country’s total nonimmigrant visa refusal rate for becoming eligible is set at 3%, though other criteria exist. Nonmember countries who want to join are required to give biometric passports to their citizens and every individual traveler needs to fill out a travel authorization form prior to travel. A few other

Tuesday

BUSINESS IN BRASIL EXPANDING THROUGH ASIA

Source

BNDES eyes opening of Asian office


The Brazilian Development Bank, which is larger than the World Bank, is considering opening an office in Asia to support the international expansion of the country’s leading companies.

The plan reflects a boom in trade between Brazil and China and comes as the bank, known as BNDES, this week signed an agreement with the Japan Bank for International Co-operation to jointly invest up to $3bn in infrastructure projects.

Saturday

BRAZILIAN BANK IS THE LARGEST LENDER IN WESTERN HEMISPHERE

BNDES, Largest Lender in Western Hemisphere

Source

By Sarah de Sainte Croix, Contributing Reporter

RIO DE JANEIRO, BRAZIL – With disbursements totaling over R$178 billion last year, pundits are calling the BNDES (Banco Nacional do Desenvolvimento, or Brazilian National Development Bank) the most significant lender in the Western hemisphere. However, some economists have criticized the bank’s lending policies as being inconsistent with its own goals and priorities.
Luciano Coutinho, president of the BNDES, Brazil, News
Luciano Coutinho, president of the BNDES, photo by Bel Pedrosa/World Economic Forum (www.weforum.org).

According to the BNDES website, “The Brazilian Development Bank is the main financing agent for

Wednesday

LIL JON'S BRAZILIAN MUSIC VIDEO "MACHUKA"

“Machuka” music video by Lil Jon filmed in Rio de Janeiro, Brazil, featuring Funk MC Mr Catra and  Mulher File. Directed by Ganjda Monteiro.
black in brazil


Lil Jon "Machuka" feat. Mr. Catra & Mulher Filé from Gandja Monteiro on Vimeo.

BRAZIL & SEX TOURISM

brazil girls

salvador bahiaBrazil is a very alluring, sexy place.  The people, land, and the culture are all very enticing and sensuous.  I mean for example where else can you hop on a boat and be at an exotic, tropical island in about 30 minutes?  My wife and I for example can have the whole beach to ourselves where we get to feel like we are the only people in the world.

women of brazil booty
I'd be lying if I didn't acknowledge this simple fact.  The first thoughts that come to mind when people around the world think of Brazil are exotic and sexy.  Maybe you can throw soccer in there too, lol.

There is an industry built off of international visitors, mainly from Europe, North America, and Australia, who come here for sex.  They come from other places too but those are the main areas.


black in brazil
I am not knocking this activity or promoting it.  I just thought I'd

Tuesday

BRAZIL RANKS AMONG TOP DESTINATIONS FOR INTERNATIONAL EVENTS

A recent article by IstoÉ Dinheiro (www.istoedinheiro.com.br), a leading Brazilian business magazine, highlighted Brazil as one of the top destinations for international events. Below we reproduce fragments from the online article introduced by the printed edition as of June 29, 2011:

"The world discovers Brazil
The country is one of the hottest destinations for international events. Last year, the sector generated R$ 84 billion and is expected to triple in size by 2014

By Flávia Gianini - São Paulo

The market for concerts and events in Brazil is already comparable to that of

BRAZIL & CHINA WILL LEAD GROWTH IN ENTERTAINMENT & MEDIA

Latin America will lead global entertainment industry growth by 2015A recent article in the Brazilian newspaper Valor Econômico - the country’s leading business daily -, as of June 14, highlighted a study by PwC that points Brazil among the highest-growth markets in the entertainment and media sectors worldwide in the next five years:

"Brazil, China to Drive Global Media Growth
By Gustavo Brigatto - São Paulo

Brazil and China will lead all markets in growth in the entertainment and media sectors in the next five years, according to a PwC study. During that period, Brazil’s compounded annual growth rate (CAGR) is expected to be 11.4%, with Chinese CAGR slightly higher at 11.6%.

By comparison, the growth rate in the U.S.—the world’s largest entertainment and media market, with US$ 443 billion in revenues in

Wednesday

50 CENT & G-UNIT IN SALVADOR, BRAZIL

50 Cent and G-Unit came to Salvador, Bahia in 2010.  Here is some video footage they took.


50 cent in salvador bahia

Tuesday

BRAZIL TAKES OVER SOUTH FLORIDA

Brazilians are not only visiting  Sunny Isles Beach, but in record numbers, they’re investing and keeping real estate in Miami and most of South Florida going.

Suddenly, everything seems to be turning hot green and yellow. Brazilians are snapping up beachfront luxury properties specially in the city of Sunny Isles and going all the way to downtown Miami, they are investing in everything from real estate to big franchises, and shopping like there is no tomorrow.

“The trend now is Brazil in Maimi”  they are here to stay and buy Real Estate. Brazil has become one of the most important economies in South America and we see it every day. Their power of aquisition keep the Brazilian visitors coming to Miami to bring us part of their culture and most importantly “Their money”.

BRAZIL'S GROWING IMPORTANCE TO SOUTH FLORIDA (and the USA)

Source: Miami Herald
The U.S. is taking its relationship with Brazil for granted, and that may hurt South Florida’s economy.

South Florida has long been Brazil’s primary gateway to the U.S. marketplace. During the first 11 months of 2010, Florida’s merchandise trade with Brazil topped $14.4 billion, a 27 percent increase over 2009.

Brazilian tourists spend more money in Florida than in any other state. Thirty-five percent of real-estate buyers in downtown Miami are Brazilians.

However, in 2009, China became Brazil’s primary trading partner, surpassing the U.S. for the first time ever. The following year, China and Brazil signed several trade agreements boosting trade and energy co-operation.

By 2010, China took top honors as Brazil’s largest foreign investor.

Wednesday

STILL SAVE MONEY ON BRAZIL TRAVEL, EVEN WHILE OIL PRICES SKYROCKET

Even While Oil Prices Skyrocket, You Can Still Save Money On Brazil Travel
Even While Oil Prices Skyrocket, You Can Still Save Money On Brazil Travel.

With major conflicts going on in some of the world’s most oil rich nations, speculation has caused oil prices to skyrocket.  This means one thing for travel to Brazil and most of the world for that matter – more expensive airline tickets.


Airline tickets to Brazil right now are almost double what i’m used to seeing this time of the year.

Tuesday

WORLD TRAVELER: INTERVIEW WITH DJ ETC LIVE FROM BAHIA




An interview with DJ ETC live from Salvador, Bahia in Brazil. Listen to his parting take on the country and his advice for the Brothers and Sisters out there interested in widening their horizons and traveling abroad.

Wednesday

BRAZIL, CHINA, INDIA TRAVEL INDUSTRY BOOM

Travel industry looks to China, India, Brazil for boom


Travel industry looks to China, India, Brazil for boomAFP/File – A group of Chinese tourists look for sourvenirs at the National Palace Museum in Taipei in 2009. China, …
by Jim Mannion –  Tue May 17, 4:59 pm ET
LAS VEGAS (AFP) – China, India and Brazil are poised to fuel an explosion in international tourism in the coming years, showering money and jobs on countries ready for it, and trouble for those that aren't, industry leaders say.
With an estimated two billion new middle class consumers expected to come into the markets from those emerging powerhouses over the next two decades, the travel industry sees a potential gold rush ahead.
"The growth of China outbound travel is moving at a huge pace -- it is about 20 percent increase every year. And the number of outbound Chinese travelers hit 58 million last year," said David Scowsill, CEO of the World Travel and Tourism Council, an industry promotion group.
"And if you look ahead, (with about) 1.6 billion coming out of China and India, they are a huge amount of people coming in with money to burn," he told reporters.

BRAZIL LEADS THE PACK OF EMERGING MARKETS WORLDWIDE

The latest survey undertaken by members of the US-based Association of Foreign Investors in Real Estate (AFIRE) pointed to Brazil’s market leading the ranking – putting the country in front of China and India.

James Fetgatter, chief executive officer and panelist at the ADIT conference  in Forteleza (May 10th-12th), commented that there ‘has not been any other country in Latin America that has shown the results that Brazil has – in 2007, the country was not even mentioned.’  He also, however, commented that the main obstacles that need to be confronted are a lack of transparency, issues over investment security and heavy bureaucracy.

At the same conference, Gary Garrabrant chief executive officer and co-founder of Equity International pointed to the issues the country still faces with regards to infrastructure and the high rates of interest on real estate loans.  In his talk, he stated that, despite the challenges: ‘our goal is to change this situation with positive results which will compensate the constraints.’

Source

Tuesday

Random Traveller Stories: Brazil Through Foreign Eyes Pt 11

Brazil Through Foreign Eyes
March 24, 2008

Meet R Dub from the USA who has been fascinated with Brazil for several years and almost moved here. Read the following interview in which he tells us about some of his most memorable experiences from Brazil and gives some useful advice to newcomers.

1. Tell us a little about yourself, where are you from, what do you do etc.?

I‘m the Program Director of Hot 92.3FM in Los Angeles and I also host and produce a syndicated "love songs and dedications" radio show called Sunday Nite Slow Jams that airs in 50 cities. I‘ve been doing radio since I was 15 years old - it is my passion (along with Brazil). I recently relocated to Los Angeles from Tucson, Arizona to run one of the biggest radio stations in the country. I was supposed to be living in Brazil right now... but that‘s another story, which I‘ll explain later...

2. When did you arrive in Brazil and what brought you here?

Random Traveller Stories: Brazil Through Foreign Eyes Pt 10

Brazil Through Foreign Eyes
Meet Eddie Soto, from the USA, who regularly travels to and from Brazil and other areas in South America with work. Read the following interview where he tells us about some of his most memorable experiences from Brazil and gives some useful advice to newcomers.

1. Tell us a little about yourself, where are you from, what do you do etc.?

I am originally from new York City and my parents were from Puerto Rico. I studied here in the United Sates as well as in Central America. I have lived in Costa Rica, Guatemala, Venezuela, Colombia and Brazil. I am fluent in English, Spanish and Portuguese. I did graduate work here in the USA and have a master‘s degree from Princeton. Presently I am an Associate Pastor in a Presbyterian Church in Tallahassee, Florida. Previous to this I taught in university level theological institutions in Guatemala, Venezuela and the city of Fortaleza in Brazil as well as in São Paulo City. Among my present duties I take groups from our church to different parts of the world to expose them to other cultures and expressions of the Christian faith. We have been to Costa Rica, Mexico, brazil and this year are planning a trip to Madagascar, Africa.

2. When did you arrive in Brazil and what brought you here?

BRAZIL: THE UK VOTE

Brazil: The UK Vote
By Mark Hillary
March 8, 2011

I just moved from London to Brazil at the end of last year. I‘ve managed to negotiate my way through the various cartorios to the point where I now have my permanent residency stamp, my CPF card, and my first bank account. Not bad going for the first few weeks of the year. But one thing eludes me, my right to vote back in the UK.

I downloaded the forms I need from the Electoral Commission website. That‘s all easy enough. But I need a witness to watch over me as I sign the documents and that person has to be a British passport holder. Suddenly I realised that I don‘t know a single British person in São Paulo.

Sunday

THE INTERACTIVE TRAVEL GUIDE

Source
Article by VacationRentalPeople

Lonely Planet may very well have given up. So it seems anyway. In the burgeoning (some zealous journalists seem to think ‘revolutionary’) world of travel apps, their offering seems fairly meagre. Yes it’s free to download, and by yesterday’s standards may have been sufficient, but it pales in comparison to other apps.

It seems that the company may be naively holding on to the idea of selling book travel guides. While the travel book market may not be dead, they are likely to see diminishing returns if they don’t watch what their
competitors are doing.

Smart phones seem to be leading the way in most technological matters, offering a new way to access and consume information, half way to an autonomy device to rule them

Friday

INFORMATION ON CHAPADA DIAMANTINA NATIONAL PARK IN BAHIA, BRAZIL

Chapada Diamantina is a short plane ride or drive from Salvador, Bahia.  Below is a great description from a traveller to the national park.

Natural Beauty
by Andre
chapada diamantina

The National Park of the Chapada Diamantina is one of the most fascinating natural parks of Brazil. The mountain scenery contains an extraordinary variety of ecosystems, like Cerrado, Mata Atlantica, and Stone fields, Caatinga. The bromeliads and orchids find a privileged ambiance, adapting themselves to the differences in climate and altitude. The mountain tops reach a height of 5,660 feet and they offer shelter to the Jaguatiricas (local breed of feline) pumas, mocós (local rodents), deer’s, teiús (local reptile) and seriemas (local little ostrich) .



The massive quartz pieces, have undergone and resisted erosion, forming towers of minerals known as “TEPUY” by the local Indians of the Maracas and Cariris tribes, who dominated the region before the arrival of the first settlers or bandeirantes, around the year 1750. The most astonishing tepuis reach a height of 4,830 feet and they run across the municipalities of Palmeiras, Lençois e Mucugê .

Tuesday

BRAZIL: A RACIAL PARADISE?

afro brazilians at the beach in salvador bahia brasil
Just posted the entire video.  It's about an hour long.  Very interesting.
We really understand where this documentary is coming from.  This will give you a very good understanding of what it is like being black in Brazil.  We live in Salvador, Bahia, Brasil.  It is considered the "soul" of Brazil with the highest percentage of Afro Brasileiros in the country.  Bahia is the Mecca for Afro Brazilian culture.

Full Episode of Black in Brazil below


BRAZIL: EXPAT SALARY PURCHASING POWER PARITY

Brazil: Expatriate Salary Purchasing Power Parity
By Jim Shattuck
April 15, 2011

Let me start out by saying that I am neither an economist nor a human resources professional. I'm sharing here some information I have learned from mining the depths of Google, trying to stitch it all together into a coherent post. Learning about the comparative realities of living here or in the USA (I'm sticking to just one country for simplicity's sake) is both fun for the expat ("I knew I wasn't crazy - that shit is expensive!") and cautionary for the lovebirds contemplating a move figuring it will all work out somehow (goddess bless them!).

The first thing to understand is that economies are different on many different levels: the price of things, the salaries people can earn, the taxes one pays, the non-cash (and deferred cash) benefits people earn over time, how value depreciates over time, how the banking and credit systems operate, what services are provided by the government, etc. In the case of Brazil and the USA - believe me - they are two different worlds that do not easily equate/translate.

Most travelers think in terms of the currency exchange rate: "Oh Brazil will be an affordable vacation destination; the exchange rate is in our favor, unlike London (for example)." Which may well be true, but moving here to live, work and retire is another matter altogether.

For the new resident, the impulse is to do a quick calculation in your head converting currencies to decide if something is expensive or not. But currency exchange rates give misleading

Random Traveller Stories: Brazil Through Foreign Eyes Pt 9

Brazil Through Foreign Eyes
Meet Monde Ngqumeya, from Johannesburg, who stayed in Brazil with a host family. Read the following interview where he tells us about his most memorable experiences from Brazil and gives some useful advice to newcomers.

1. Tell us a little about yourself, where are you from, what do you do etc.?

Am a Business Analyst for Vector Logistics Solutions in Johannesburg. I am 28 years old and a University of Johannesburg graduate with a business degree in Logistics and pursuing a Post grad qualification. I am from Kagiso a township near Johannesburg. Single, but a great uncle to my 3 nephews and nieces.

2. When did you arrive in Brazil and what brought you here?

Random Traveller Stories: Brazil Through Foreign Eyes Pt 8

Brazil Through Foreign Eyes
Meet Priya Guyadeen, who was born in Guyana and moved to Canada followed by the USA. Priya has been travelling to Brazil for several years, and been here permanently since 2003. Read the following interview where she tells us about her most memorable experiences from Brazil and gives some useful advice to newcomers.

1. Tell us a little about yourself, where are you from, what do you do etc.?

I was born in Guyana, South America (borders with Venezuela, Brazil, and Suriname). My parents emigrated to Canada, when I was a one and a half years old, and I grew up outside of Toronto. I moved to the US after college, and lived there for about 10 years, before moving to Brazil. I currently work for a US government contract research organization. We work with the public hospitals and reference center in Brazil, doing HIV/AIDs research. I am responsible for managing, and auditing our centers here to ensure that they are conducting clinical research, and collecting data according to international regulations and guidelines.

2. When did you arrive in Brazil and what brought you here?

Random Traveller Stories: Brazil Through Foreign Eyes Pt 7

Brazil Through Foreign Eyes
Meet Carmen Naidoo, from South Africa, who has been teaching English in Rio de Janeiro for the last few months. Read the following interview where she tells us about her most memorable experiences from Brazil and gives some useful advice to newcomers.

1. Tell us a little about yourself, where are you from, what do you do etc.?

I´m a 27 year old South African from Cape Town and I have been travelling for the past 4 years. I´ve taught English in South Korea, worked and lived in London for two years and now I am here, hence I don´t actually have a real job as yet! LOL. But I graduated with Business Science Marketing in 2001.

2. When did you arrive in Brazil and what brought you here?

BRAZIL AIRPORTS UNLIKELY TO BE READY FOR 2014 WORLD CUP

Like Public Enemy said, "Don't believe the hype!"

Brazil is going to be ready.  I put the "independent" study down anyway so you can see what the business world is saying.  There is an interview with Lula that came on the show 60 Minutes (click here to view) where he is asked about the doubts that Brazil can handle the World Cup and the Olympics.  He just laughed them off and said basically Brazil is going to put on the best show ever and the country is going to get it done their way on their own terms.  To paraphrase him, he said Europeans and Americans think they know everything.

Thats why I quoted Public Enemy.  Brazil will be ready and symbolically rise up to the worldwide stage.  She will put her best foot forward and shine.
Read on...

Wednesday

RIO THE NEW ANIMATION MOVIE IS A GOOD LOOK FOR BRAZIL

Brazil to promote tourism with release of 'Rio'


Plot: 'Rio' is a 3-D animation feature from the makers of the 'Ice Age' films. Set in the magnificent city of Rio de Janeiro and the lush rainforest of Brazil, the comedy-adventure centers on Blu, a rare macaw who thinks he is the last of his kind. When Blu discovers there's another -- and that she's a she -- he leaves the comforts of his cage in small town Minnesota and heads to Rio. But it's far from love at first sight between the

Tuesday

THE REAL EMERGING MARKETS BOOM HAS ONLY JUST BEGUN

Why the Real Emerging Markets Boom Has Only Just Begun


The explosive growth potential of emerging markets is not mainstream news…yet.

We are still in what people will one day look back on as the “calm before the emerging markets storm.” A time when investors can still buy emerging markets growth at relatively cheap valuations. A time before the full force of the emerging markets bull market is felt.

To say it’s an exciting time for investors is an understatement. The emerging markets are about to take off on a rocket ride that could span a decade…and even more.

BRAZIL NEIGHBOR ARGENTINA POISED TO GROW IN 2011, BUT HIGHLY DEPENDENT ON BRAZIL ECONOMY

Argentina poised to grow 6% in 2011, but highly exposed to Brazil dependency

Strong demand in Brazil and Latin America has created the conditions for a stronger-than-expected economic rebound in Argentina, an IMF official said on Monday.
IMF economist Jorg Decressin recommends anti cyclical policies

“As far as growth is concerned, we are seeing a stronger rebound in Argentina than what we had expected, partly driven by very buoyant demand in the region including in Brazil” IMF economist Jorg Decressin told reporters in Washington.

However, he said Argentina needs to change some policies to be in stronger shape to withstand future shocks.

“Over time we believe that policies in Argentina will need to become somewhat less pro-cyclical than they are right now to rebuild policy space for the future. And if that happens, then the economy will also be in good shape to weather new shocks, if and when they arrive,” Decressin said.

BRAZIL TO INVEST $5.5 BILLION IN RENEWABLE ENERGY BY 2013

Brazil to Invest $5.5 Billion in Renewable Energy Sources by 2013

 
The Brazilian government earlier this month held a wind, hydroelectric and biomass auction that is expected to prompt US$ 5.52 billion in investments in renewable energies in Brazil. The resulting investments are expected to come primarily from private enterprise.

The auction, which contracted power from 89 wind farms, small hydroelectric plants and biomass plants, will add an installed capacity of 2,892.2 MW to the national energy matrix.

Renewable Energy - BRIC (Brazil, Russia, India, China) Industry Guide

Brazil’s alternative energy auction was conducted through a process whereby the government first announced the energy demand stated by distributors to serve the market by 2013, and then electricity generators competed to provide energy to fill that demand at the lowest price.

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