Brazil okays all 308 MWa of winning projects from Dec 6 auctions

Author: Oran Viriyincy. License: Creative Commons, Attribution-ShareAlike 2.0 Generic.

February 19 (Renewables Now) - Brazil's power sector regulator Aneel approved on Tuesday the 308 average megawatts (MWa) of winning projects from the energy auctions held on December 6, 2019.

The A-1 and A-2 tenders contracted energy from existing power plants. Specifically, the country negotiated deals focused on capacity availability for biomass and natural gas plants under its regulated market as well as contracts for electricity volumes, where the energy sources were not specified.

A-1 awarded 508,776 MWh of capacity, the equivalent to 29 MWa, to a single firm at an average price of BRL 158.37 (USD 36.35/EUR 33.67) per MWh. Power supply is scheduled to begin on January 1, 2020 and end on December 31, 2021.

A-2 awarded a total of 4,888,080 MWh, or 279 MWa, to 10 companies with power supply between January 1, 2021 and December 31, 2022. The average price amounted to BRL 171.52 per MWh.

(BRL 1 = USD 0.229/EUR 0.212)

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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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