Brazil's Aneel ratifies results of Aug 23 reserve auction
Nov 20, 2013 - Brazilian electricity sector watchdog Aneel yesterday ratified the results of the government's reserve auction which took place on August 23, 2013. The auction, which was exclusively for wind power projects, foresees 20-year contracts for supply starting as of September 1, 2015. Brazil sold 118.4 million MWh, or 675.5 average MW (MWa) at the reserve auction at an average price of BRL 110.5 (USD 48.5/EUR 35.8) per MWh. Contracts for power supply were signed with 66 wind power plants with a combined installed capacity of 1.505 GW.