Brazil's Copel contracts 121.6 MWa in wind, solar auction

Brazilian power utility Companhia Paranaense de Energia (BVMF:CPLE6) has contracted 121.6 average megawatts (MWa) of wind and solar capacity through a tender held on November 13, 2019.

Better known as Copel, the company awarded contracts with a term of 15 years, seeking to meet demand in the Southeast, Midwest and Northeast markets.

Power supply under the contracts is scheduled to commence on January 1, 2023. The winning projects had previously taken part in the A-6 and A-4 auctions held by the federal government, Copel said in a filling.

Prior to this, Copel contracted 127.9 MWa under similar terms in another auction held on September 20, 2019. In addition to its own tenders, the company also secured 90 MW of wind projects in a recent federal energy tender.

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