Brazil sets bidding price cap for April's wind-and-biomass auction

Wind turbines. Author: Hernán Piñera. License: Creative Commons, Attribution-ShareAlike 2.0 Generic.

March 25 (SeeNews) - This Tuesday Brazil's power sector regulator Aneel approved the price ceiling for the April 27 wind-and-biomass energy auction.

The maximum bidding prices will be BRL 179 (USD 56.9/EUR 51.9) per MWh for wind power projects, and BRL 215 per MWh for biomass projects.

A total of 570 proposals, with a combined capacity of 14,962 MW, have been registered for this auction. This includes 530 wind projects with total capacity of 12,895 MW and 40 thermal biomass schemes of a combined 2,067 MW.

The contracts will last 20 years, with the supply from biomass plants set to begin at two dates, January 1, 2016 and July 1, 2017. The wind plants have to start generating power on July 1, 2017.

According to recent statistics by the Global Wind Energy Council (GWEC), Brazil added 2,472 MW of wind power capacity in 2014, bringing the total to 5,939 MW. The government auctions are the main driver for the growth of the local wind energy sector.

(BRL 1.0 = USD 0.319/EUR 0.291)

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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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