Brazil sets bidding price cap for November 13 wind, solar auction

Brazilian wind farm. Author: Carla Wosniak. License: Creative Commons, Attribution 2.0 Generic

October 13 (SeeNews) - Brazil's power sector regulator Aneel approved today the price ceilings for the November 13 wind and solar reserve energy auction.

The maximum bidding price will be BRL 213 (USD 55.6/EUR 48.9) per MWh for wind power projects and BRL 318 per MWh for solar projects.

For this auction, the state-owned energy firm Empresa de Pesquisa Energetica (EPE) received 1,379 applications, totaling 38,917 MW in proposed capacity. Of these, 730 projects with a combined capacity of 17,964 MW are wind and 649 projects or 20,953 MWp .are solar.

The winning projects will be awarded 20-year supply contracts, with the future plants scheduled to go online on November 1, 2018.

This is the second reserve energy auction of the year in Brazil. The first one happened in August 28 and it was solar power only, with a total of 833.8 MW secured.

(BRL 1 = USD 0.2/EUR 0.230)

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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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