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Brazil sets price caps for April 4 auction

Wind farm in Brazil. Author: Otávio Nogueira. License: Creative Commons, Attribution 2.0 Generic.

February 27 (Renewables Now) - Brazil's power sector regulator Aneel approved today the price ceilings for the April 4, 2018 power generation auction.

This tender will contract power from wind, solar, hydro and thermal plants that use biomass resources. Among renewables, biomass has the highest maximum bidding price -- BRL 329 (USD 102/EUR 83) per MWh.

In all, the country registered 48,713 MW of projects to participate in the bidding process. More details are available in the table below.

Source Registered capacity Price cap in BRL
Wind 26,198 MW 255 per MWh
Solar 20,021 MW 312 per MWh
Biomass 1,422 MW 329 per MWh
Large hydro (UHE) 114 MW 291 per MWh
Small hydro (PCH) 896 MW
Mini hydro (CGH) 63 MW

In Brazil, hydropower plants (HPPs) are divided into three groups depending on their capacity. UHE, with capacity exceeding 30 MW, PCH, between 1 MW and 30 MW, and CGH of up to 1 MW.

The government will award power purchase agreements (PPA) with a 30-year term for hydropower and a 20-year term for the remaining sources. Power supply is scheduled to begin on January 1, 2022.

(BRL 1 = USD 0.31/EUR 0.25)

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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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