Brazil awards 985 MW of renewable power in July 8 auctions

Wind farm in Rio Grande do Sul. Author: Alexandre Pereira. License: Creative Commons, Attribution-ShareAlike 2.0 Generic

July 9 (Renewables Now) - Brazil has awarded contracts for around 984.71 MW of renewable power capacity in two energy auctions held on July 8, power sector regulator Aneel announced on Thursday.

Dubbed A-3 and A-4, the tenders negotiated energy from wind, solar, hydro and biomass-based thermal sources. The contracts signed represent a total of BRL 4 billion (USD 761m/EUR 642m) in future investments.

Details on the combined contracted capacity are available in the table below.

Source Number of projects Capacity
Wind 33 419.50 MW
Solar 7 269.30 MW
Biomass 5 183.64 MW
Hydro 6 112.27 MW

The duration of the power purchase agreements (PPAs) awarded by the Brazilian government is 20 years and 30 years, with power supply scheduled to begin on January 1, 2024, and January 1, 2025.

(BRL 1.0 = USD 0.191/EUR 0.161)

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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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