Solar panels. Author: Chris Baird. License: Creative Commons. Attribution 2.0 Generic
The president of Brazil’s federal energy planning authority EPE, Mauricio Tolmasquim, said on Friday that the country will hold solar auctions annually due to their success so far.
The continuing reduction of prices is pointed out as the main reason the Brazilian government is looking into holding such tenders each year.
Last Friday's solar auction registered an average price of about USD 85.00 (EUR 75.32) per MWh, which is USD 3.00 less than in the first solar auction held last October.
Tolmasquim said, as quoted by local media, that solar power sources will continue to be contracted through reserve type auctions.
EPE's president also highlighted the presence of large international names among the tender winners, which, according to him, brings more tranquility as to the viability of the plants. Italian renewables company Enel Green Power SpA (BIT:EGPW) was the biggest winner, with supply contracts for 553 MW.