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Brazil publishes guidelines for May 28 energy tender

Solar photovoltaic plant in Brazil

December 12 (Renewables Now) - Brazil's Ministry of Mines and Energy has recently announced the guidelines for a new energy auction to be held on May 28, 2020.

Through a decree published in this week's Official Gazette, the government confirmed that the A-4 auction will contract hydro, wind, solar and biomass power. 

The winner will secure power purchase agreements (PPA) with a 30-year term for hydropower, and a 20-year term for wind, solar and biomass sources. The contracts will become effective on January 1, 2024.

Investors and interested parties can submit projects for registration by state-owned energy research firm EPE until January 17. The schemes that have already been technically qualified in A-4 and A-6 auctions held in 2019 can re-enter the new tender as long as the projects remain unchanged, the ministry stated.

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Browse all articles from Lucas Morais

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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