Brazil's interim minister of mines and energy, Fernando Coelho Filho, said on Thursday that the country will only hold one energy auction this year.
There were two planned auctions for 2016, one in July and another in October. However, due to the issue of over contracting the ministry has chosen to cancel the July tender and expand the October one, the minister said, as quoted by the local media.
Fernando Coelho also pointed out that the government is currently considering what type of energy sources will be included in the October auction and is trying to estimate the generation and transmission costs.
According to state-owned energy research firm EPE, 9,210 MW of solar projects were registered for the July 29 tender. Overall, 428 projects of renewable energy sources totalling 10,195 MW would have competed in the auction.