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Brazil to authorise all 1.8 GWp of A-4 solar projects by Oct 2018

Solar array. Author: U.S. Department of Agriculture .

May 15 (Renewables Now) - Brazil expects to grant by October 2018 authorisation for implementation to all 1.8 GWp of solar projects that won contracts in the last A-4 energy auctions.

The government contracted 20 projects in late 2017 and a further 29 in April 2018. Of these, seven have already received the required authorisation for implementation, the Ministry of Mines and Energy announced on Monday.

Together, the 49 schemes are seen to attract total investments of about BRL 8 billion (USD 2.21bn/EUR 1.85bn), including BRL 4.2 billion for the projects contracted in April 2018. The plants that received deals at end-2017 should enter into service by January 2021, while those contracted last month should be completed by January 2022.

At the same time, distributed generation (DG) solar installations have grown from 9,000 systems to more than 25,000 in the last 12 months, the ministry said. Brazil has a solar DG target of 4.5 GW by 2024.

(BRL 1 = USD 0.28/EUR 0.23)

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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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