Engie Brasil reschedules Oct renewable power auctions
Solar photovoltaic plant in Brazil
Brazilian utility Engie Brasil Energia SA (BMVF:EGIE3) has rescheduled for October 27 and October 29 the auctions it intends to hold to contract renewable energy such as wind and solar power.
The tenders will allow the company to meet demand in the Southeast and Midwest markets. The Brazilian unit of France’s Engie SA (EPA:ENGI) did not disclose the specific amount of energy it seeks.
In the October 27 auction, the company will award a 15-year power purchase agreement (PPA) starting from 2023. This tender is intended for companies with projects under development, construction or operation.
The October 29 auction will contract power for five years beginning in 2022. In this tender, the interested parties have to be registered with the Brazilian Electric Power Commercialization Chamber (CCEE) as traders, generators, independent and self energy producers.