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Aurora’s Amun launches in Brazil as investors tap into the country’s wind potential and regulatory barriers ease 

By September 6, 2024Brazil, Media, Feeds
Amun Press
  • Following successful deployments in 17 markets and used by more than 30 leading offshore wind players, AMUN Brazil unfolds as a key tool for wind asset-specific revenue  forecasts. 
  • Expected to grow to 109 GW by 2050, representing 23% of total capacity, according to Aurora Energy Research, the Brazilian wind sector is identified as a key area for development. 
  • Anticipated regulatory approval for offshore wind in the country is expected to unlock future investment, with upcoming legislation by the Brazilian Senate designed to facilitate the development of offshore wind facilities. 

 

SAO PAULO (AURORA ENERGY RESEARCH)—Aurora Energy Research, the global power market analytics provider, officially launched its advanced wind valuation software, Amun, in Brazil today, capitalising on the region’s growing investment opportunities and ongoing regulatory developments. 

The launch of Amun Brazil comes at a pivotal moment, as Brazil’s wind energy sector—particularly offshore—is gaining recognition for its potential to complement hydroelectric power by mitigating annual fluctuations and providing stability during dry seasons. Brazil has been discussing offshore wind legislation since 2021, with debates intensifying in recent weeks. Now that most technical issues have been addressed, attention has shifted to reviewing additional amendments.  

As the Senate nears the approval of this key legislation, Aurora Energy Research identifies Brazil as a key area for future development and investment. To support this, it is launching a benchmark software, which has been instrumental in securing major global offshore auction wins in other markets and used on the largest wind deals, including Hornsea One—the world’s largest offshore wind farm when it became operational in 2020. 

Brazil’s wind power is expected to be the second-fastest-growing energy source and by 2050 will become the largest renewable source after solar. Aurora Energy Research data indicates that the Brazilian wind energy market, including both onshore and offshore wind, is set to grow to 109 GW by 2050, an approximately 3-fold increase, representing 23% of the total capacity. 

Amun, which has already been successfully deployed in 17 markets globally, is a software designed for banks, funds, and utilities. For wind deals, auctions, and financing, Amun is the leading geospatial tool for wind project valuation, providing precise, site-specific revenue forecasts to optimise site selection and financial decisions. Amun Brazil is also powered by a wind atlas, which has been bias-corrected using extensive real-world measurements, ensuring precision and reliability in forecasts. The software provides wind speed data for optimal site selection and operational planning, which is key for maximising energy production and minimising costs. 

Inês Gaspar, Product Manager at Aurora Energy Research, said: 

 “With intermittent renewables now at 34% of Brazil’s capacity, hourly price dynamics are shifting rapidly. Investors must be strategic in evaluating onshore and offshore wind projects, considering hourly generation patterns and potential cannibalisation from other farmsespecially when over 90% of the wind is in the Northeast.  Amun equips industry players to streamline thousands of wind valuations with a click!” 

– ENDS – 

Notes to Editors: 

Our experts are available for further comments, and Shaun Claridge will be available to manage commercial questions. 

Media Contact: 

Zina Fragkiadaki 

Press Officer, EMEA, Aurora Energy Research 

+44 (0) 7747 219 913 

 zinovia.fragkiadaki@auroraer.com 

ABOUT AURORA ENERGY RESEARCH 

Established in 2013, Aurora Energy Research is a leading global provider of power market forecasting and analytics for critical investment and financing decisions. Headquartered in Oxford, we operate out of 14 offices worldwide covering Europe, North & South America, Asia, and Australia. 

Our comprehensive services include market outlook packages for energy industry participants, advisory support, and innovative software solutions. We foster diversity with a team of over 600 experts with backgrounds in energy, finance, and consulting, offering unparalleled expertise across power, renewables, storage, hydrogen, carbon, and fossil commodities. Our mission is to facilitate the global energy transition through widely trusted quantitative analysis and high-quality decision support.