October 21 (Renewables Now) - Brazilian power utility Copel (BVMF:CPLE6) was awarded 90 MW of wind projects in the country's latest energy tender.
The company will build a new wind complex in Rio Grande do Norte state named Jandaira Wind Complex. Consisting of four wind parks, the project is expected to break ground next year. It will require investments of BRL 400 million (USD 97.2m/EUR 87m).
Copel secured in the tender 20-year power purchase agreements (PPAs) at a price of BRL 98 per MWh. Under the auction's guidelines, power supply is to begin in 2025.
Currently, Copel is the sixth largest wind power generator in Brazil and the second largest in Rio Grande do Norte, with a portfolio of five operational wind complexes and a combined installed capacity of 643.4 MW, enough to meet the demand of 2 million people.
(BRL 1 = USD 0.243/EUR 0.218)