July 1 (Renewables Now) - Brazil awarded around 401.6 MW of power supply contracts in Friday's tender, the Power Trading Chamber (CCEE) announced.
Contracts for about 17,497,384.8 MWh at an average price of BRL 151.15 per MWh, or over BRL 2.64 billion (USD 688m/EUR 606m) in total, were signed during the auction. The bidding process allowed solar, wind, biomass and hydropower sources to compete. Solar power was the biggest seller with over 203.7 MW across six projects.
Details on the contracted capacity by source are available in the table below.
|Small hydro (PCH)||81.3 MW|
This tender negotiated power purchase agreements (PPA) with a 30-year term for hydropower and 20 years for the remaining sources. Power supply is scheduled to begin in January 2023.
(BRL 1 = USD 0.26/EUR 0.23)