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Brazil allows 53 plants to enter Mar 31 energy auction

January 14 (SeeNews) - About 53 power plants from various sources which had not come into operation until March 31, 2015, can now participate in the March 31 energy auction.

The change came after the publication of the Law 13,203, which made possible for plants that have not sold all its capacity at previous energy tenders to drop sales on the free market and redirect its power output to the regulated market, or, in other words, go back to auctions.

The expectation of the Brazilian government is that the re-entry of these plants will increase competition at the tenders, and could result in lower prices.

The March 31 tender will contract power from wind, biomass, hydro power, gas and coal-fired power plants. Energy supply is scheduled to begin on January 1, 2021.

So far, 47,618 MW of renewable and conventional sources have registered to compete, according Brazil's state-owned energy research firm EPE.

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Browse all articles from Lucas Morais

Lucas is based in Brazil. He joined Renewables Now to expand coverage of the Ibero-American market, a highly attractive destination for green energy investment.

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