November 16 (Renewables Now) - Brazil's power sector regulator Aneel approved recently the price ceilings for the December 20, 2017 new power generation auction.
This tender will contract power from wind, hydro and thermal plants that use biomass, coal and natural gas resources. Among the renewables, biomass has the highest maximum bidding price, starting at BRL 329 (USD 99.3/EUR 84) per MWh.
In all, the country registered 53,424 MW of projects that want to participate in the bidding process. More details are available in the table below.
|Source||Registered capacity||Price cap in BRL|
|Wind||26,651 MW||276 per MWh|
|Biomass||2,068 MW||329 per MWh|
|Hydro||1,266 MW||281 per MWh|
|Natural Gas||21,560 MW||319 per MWh|
|Coal||1,880 MW||329 per MWh|
The government will negotiate contracts for specific volumes of electricity, awarding power purchase agreements (PPA) with a 30-year period for hydro, 20-year for wind and 25-year for the remaining soruces. Power supply is scheduled to begin on January 1, 2023.
(BRL 1 = USD 0.302/EUR 0.255)