31 Dec '13, 4pm

Brazilian state approves 123 MW of solar PV projects through auction

The Brazilian state of Pernambuco has approved six solar photovoltaic (PV) projects totaling 123 MW, in the nation's first solar-only auction. This is six times Brazil's current installed PV capacity of roughly 20 MW. Developers will be paid an average of BRL 0.229 (USD 0.097) per kWh for electricity generated over 20-year contracts, 8.5% less than the initial price of BRL 0.25/kWh. Sowitec's (Sonnenbühl, Germany) Brazilian subsidiary has won the largest contract for a 30 MW project, with three other projects 23-30 MW in size and two 5 MW projects approved. Other winning bidders include a Chinese/Spanish consortium bidding as Sun Premier Holding Participações Ltda, Kroma Energia (Jaboatão dos Guararapes, Brazil), Cone Concierge S/A (Brazil) and Enel Green Power (Rome). Companies will have eighteen months to complete the projects. The results of this auction are particularl...

Full article: http://www.solarserver.com/solar-magazine/solar-news/curr...

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