Copel to hold 3 auctions for wind, solar power contracts in 2020

PO Energy plant in Brazil's capital

January 13 (Renewables Now) - Brazilian power utility Companhia Paranaense de Energia (BVMF:CPLE6), better known as Copel, plans to hold three energy auctions this year, to contract wind and solar power.

The dates for the auctions are February 14, April 17 and September 21. Copel did not disclose the specific amount of energy it seeks but stated in the tender notice that the new capacity will be used to meet demand in the Southeast, Midwest, South and Northeast markets.

The company will award power purchase agreements (PPA) with a 14-year term for the first and third auctions, while the one in April will contract power for 12 years.

More details on the tenders in the table below.

Tender date Power supply period Registration deadline
14/02/2020 01/01/2022 to 31/12/2036 29/01/2020
17/04/2020 01/01/2023 to 31/12/2035 03/04/2020
21/09/202 01/01/2023 to 31/12/2037 04/09/2020

To participate in the tender, companies have to meet certain conditions, such as having an installed capacity of at least 1 GW.

All the details can be found on the tender website (https://www.copel.com/hpcopel/root/sitearquivos2.nsf/arquivos/copel_01-2020_-_edital/$FILE/COPEL%2001-2020%20-%20EDITAL.pdf).

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Lucas is based in Brazil. He joined Renewables Now to expand coverage of the Ibero-American market, a highly attractive destination for green energy investment.

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