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Brazil sets price caps for June 28 auction

Enel's Fonte dos Ventos wind project in Brazil, developed by SOWITEC and turned into a wind/solar hybrid. Source: SOWITEC group

May 29 (Renewables Now) - Brazil's power sector regulator Aneel approved on Tuesday the price ceilings for the power generation auction scheduled for June 28, 2019.

This tender will contract power from solar, wind, biomass and hydropower plants (HPPs). Among all power sources, biomass has the highest maximum bidding price -- BRL 311 (USD 77.3/EUR 69.2) per MWh.

In all, the country registered 51.2 GW of projects to participate in the bidding process. Prices can vary based on whether the projects have concessions and contracts.

More details are available in the table below with price caps in BRL.

Source Registered capacity Price cap without contracts Price cap with contracts
Solar 26,253 MW 276 per MWh ----
Wind 23,110 MW 208 per MWh 173.08 per MWh
Biomass 1,039 MW 311 per MWh ----
Large hydro (UHE) 164 MW 288 per MWh 156.56 per MWh
Small hydro (PCH) 606 MW 225.37 per MWh
Mini hydro (CGH) 32 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 in January 2023.

(BRL 1 = USD 0.25/EUR 0.22)

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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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