Brazilian solar auction winners announced

Brazil solar

Representing $1.66bn in investment, Brazil’s government has announced the winners of its first power auction with a specific category for solar photovoltaic projects.

Local developers, Solatio Energia and Renovia Energia along with Italy’s Enel Green Power secured the lion’s share of the projects.
Brazil solar
CCEE, the Brazilian electricity board, sold a total of 1048 MW of solar power projects by auction on October 31st.

Solatio Energia received contracts for 12 solar farms in Sao Paulo and Minas Gerais states, with a combined capacity of 440 MW. Enel Green Power won contracts for seven solar farms, with 254 MW of capacity, while Renova Energia SA won contracts for 107 megawatts of capacity through four solar projects in Bahia.

Companies competed for 20-year contracts to sell electricity from projects that must go into operation by October 2017. Brazil is attempting to diversify its energy supplies as the worst drought in eight decades reduces power output from hydroelectric power dams.

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