Connect with us

Hi, what are you looking for?


Clean Power

9.2 GW Of Solar PV Projects Accredited For Upcoming Energy Auction In Brazil

Originally published on CleanTechies.

Brazil is getting ready for its fourth renewable energy auction, and has received interest from a large number of solar energy project developers.

Brazil-988x516According to media reports, five states in Brazil have accredited more than 200 solar power projects with a combined capacity of more than 9.2 GW. Following the accreditation, the projects will become eligible for participation in the renewable energy auction scheduled for July 29th.

The auction will be the fourth in a series of auctions that started in 2014. During the first three auctions, about 2 GW of solar power capacity was selected.

In an auction held in November of 2015, just under 1 GW of solar power capacity was auctioned at an average price of US¢7.75/kWh, which was below the ceiling price. Similarly, in the solar-only auction held in August of 2015, the auction of 800 MW of capacity was at US¢8.42/kWh.

The tariff bids were very similar to the bids seen in the Indian solar power market, where several recent auctions yielded bids of around US¢7.00/kWh. It will be interesting to see if bids in the July auction fall further. A total of 133 hydro power projects with a combined generation capacity of 985 MW have also been accredited for the July auction.

A few months back, the Brazilian government doubled its solar power capacity addition target for 2024. Under the 10-year Energy Plan for 2024, the government announced a target of 7 GW of utility-scale and 1.32 GW of distributed solar power capacity.

Reprinted with permission.

I don't like paywalls. You don't like paywalls. Who likes paywalls? Here at CleanTechnica, we implemented a limited paywall for a while, but it always felt wrong — and it was always tough to decide what we should put behind there. In theory, your most exclusive and best content goes behind a paywall. But then fewer people read it! We just don't like paywalls, and so we've decided to ditch ours. Unfortunately, the media business is still a tough, cut-throat business with tiny margins. It's a never-ending Olympic challenge to stay above water or even perhaps — gasp — grow. So ...
If you like what we do and want to support us, please chip in a bit monthly via PayPal or Patreon to help our team do what we do! Thank you!
Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News!

Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.

Written By

An avid follower of latest developments in the Indian renewable energy sector.


You May Also Like

Policy & Politics

The Amazon Rainforest is one of the world’s largest carbon sinks, and home to a tremendous diversity of animal, plant, and fungal life. Preserving...


Last week, I spent some time visiting my wife’s family in Recife (northern Brazil). While there, I spent some time checking out where they...

Clean Power

BYD Energy has been operating for more than five years in Brazil at the Campinas facility and has just reached a significant milestone in...

Climate Change

Your grandkids need Bolsonaro to lose.

Copyright © 2023 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.