30 Dec '13, 5pm

Latin America Report: Solar's Auction Debut in Brazil

Latin America Report: Solar's Auction Debut in Brazil

In total the solar-exclusive auction , which had originally been scheduled for mid-December but was pushed off due to heavy interest, is expected to generate just a shade under $600 million in investments, according to the government. Projects must now be developed over the next 18 months in the regions of Santa Maria da Boa Vista, Flores, Cabo de Santo Agostinho, Joaquim Nabucco, and Tacaratu, all with 20-year service contracts. Note that Brazil's latest A-3 auction held in November , which was dominated by wind energy, ended with average pricing of 124.43 Brazilian reais/MWh, which effectively shut out solar from the process -- and sparked the pursuit of solar-only auctions. Speaking of auctions, Brazil's national electric energy agency ANEEL held its A-5 auction on Dec. 13 for energy to be coming online starting May 2018. Average pricing was R $109.93/MWh, for generatio...

Full article: http://www.renewableenergyworld.com/rea/news/article/2013...

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