Brazil approves 185.6 MWa of winning renewables in May 27 auction

Brazil wind

September 22 (Renewables Now) - Brazil's power sector regulator Aneel on Tuesday approved roughly 185.6 average megawatts (MWa) of renewable projects that were successful in the A-4 tender held on May 27, 2022.

Approvals have been granted to 20 renewable energy schemes that will use wind, solar, hydro and biomass as fuel. The tender awarded power purchase agreements (PPAs) that will commence power supply on January 1, 2026.

Aneel said that the energy contracted is aimed at supplying the demand of local power distributors Cemig, Coelba and Light.

Contracts for hydropower and biomass-fired schemes come with a 20-year term, while that for wind and solar is 15 years.

In all, the tender contracted around 947.9 MW of power, representing future investments of more than BRL 7 billion (USD 1.36bn/EUR 1.37bn), the Power Trading Chamber (CCEE) previously said.

(BRL 1.0 = USD 0.195/EUR 0.196)

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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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