30 Jul '14, 2pm

Brazil's First Solar-specific Power Auction Draws 10.8 GW of Interest

Brazil gets less than one percent of its electricity from solar power and the government wants to diversify its energy mix . Solar projects participated in past energy auctions, but competed directly against cheaper power sources such as wind and won no contracts to sell electricity. “We expect the government will buy 1 gigawatt of solar energy in the first auction,” said Pedro Vaquer, director of the Brazilian developer Solatio Energia. Other solar developers that registered for the event include Solyes and Kroma Energia, from Brazil, Germany’s SoWiTec Projekt GmbH and Italy’s Enel Green Power SpA. Solatio Energia registered 46 solar projects with 30 megawatts each. The company’s target is to win contracts for about half the capacity sold in the auctions. Each 30-megawatt project will require about 150 million reais ($67.3 million) of investment. Vaquer expects the auctio...

Full article: http://www.renewableenergyworld.com/rea/news/article/2014...

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