Brazil awards contracts to 3.8 GW in tender

Wind farm in Brazil. Author: Otávio Nogueira. License: Creative Commons, Attribution 2.0 Generic.

December 20 (Renewables Now) - Brazil awarded more than 3,841.6 MW of clean power supply contracts in today's tender, the Power Trading Chamber (CCEE) announced.

With 63 winners, the tender secured contracts for some 572,518,389 MWh at BRL 108.46 billion (USD 32.96bn/EUR 27.83bn), or an average price of BRL 189.45 per MWh.

Wind power was the biggest seller with over 1,386.6 MW across 49 projects. Italian energy major Enel SpA (BIT:ENEL) leads the list with some 618 MW.

The auction awarded contracts to various energy sources, excluding coal. Details on the contracted capacity by source can be seen in the table below.

Source Capacity
Wind 1,386.6 MW
Biomass 177 MW
Hydro 76.5 MW
Natural Gas 2,138.9 MW
Coal ----

Overall, projects with 53,424 MW of combined capacity were registered and participated in the auction. This tender negotiated contracts for specific volumes of electricity, awarding 30-year power purchase agreements (PPA) for hydro, 20-year PPAs for wind and 25-year deals for other sources. Power supply is scheduled to begin on January 1, 2023.

(BRL 1 = USD 0.304/EUR 0.257)

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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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