Brazil's Pernambuco govt sets solar energy auction for Feb 14, 2014
Nov 5, 2013 - The government of the northeastern Brazilian state Pernambuco set for February 14, 2014 its first auction for the sale and purchase of solar energy after it made some changes in the edict of the bidding.
The auction was initially scheduled for end-September.
The power supply contracts to be signed following the February auction foresee start of deliveries on May 1, 2015 for a 20-year term. Companies interested in participating at the auctions should apply for registration with Pernambuco's Executive Secretariat of Energy until 1200 local time on February 3.
The government targets to contract at least 12 average MW (MWa). The initiative forms part of the local government's programme PE Sustentavel, aimed at promoting the solar energy development in the state. The programme foresees similar auctions in the next three years and tax initiatives such as exemption of ICMS goods and services tax for Pernambuco's companies which buy solar power.