Wind, solar projects of 1.48 GW win in Brazil's Nov 13 auction
Solar Farm. Author: Michael Mees meesphotography.com License: Creative Commons, Attribution 2.0 Generic
Brazil awarded on Friday more than 1,477.5 MW of wind and solar power supply contracts with a 20-year term, announced the Power Trading Chamber (CCEE).
Solar power was the biggest seller with 929.34 MW in 33 projects. French solar power producer Solairedirect has the largest amount of winning projects with seven plants, followed by US renewables major SunEdison Inc (NYSE:SUNE) with four. Minas Gerais is the top state with nine plants.
Total of 20 wind power projects or 548.2 MW of planned capacity won contracts too. The biggest seller was local firm Rio Energy with eight projects, followed by EDP Renovaveis (ELI: EDPR) with five projects. Bahia is the top state with 18 projects.
With 53 winners, the tender secured contracts for 89,045,028 MWh at a total price of BRL 22.17 billion (USD 5.8bn/EUR 5.4bn), or an average of BRL 249 per MWh.
The auction was targeting wind and solar power only. The plants should start supplying power on November 1, 2018.