BMI View: We have slightly revised down our 2014 forecasts for non-hydropower renewable energy generation in Brazil to account for delays in a number of wind projects. We have also made a number of revisions to our long-term outlook for the renewables sector to account for delays and cancellations in the wind sector, as well as an increase in solar energy development under the A-3 auction. We highlight that our long-term forecasts for wind energy remain relatively sanguine, even after the moderation. We have revised down our 2014 forecasts for non-hydropower renewable energy generation in Brazil from 12.7% to 10.2%. …
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