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Brazilian auction awards 1.47 GW of contracts to solar and wind power developers

16 November 2015

Last Friday's reserve energy auction in Brazil awarded 1.47 GW of contracts for solar and wind. The 53 winning projects are committed to supply energy from November 2018 for 20 years, at an average price of R$249 / MW/h. The price represented a discount of 15.35% from the ceiling set by Aneel, the electricity regulator. The average price for the participating solar projects was R$297.75, compared to the ceiling price in this auction for solar of R$ 381 - and below the average price secured in August's dedicated solar auction, which was R$301.79. The average price for the 20 winning wind projects was R$203.46. A total of 548.2 MW of wind power was contracted, but solar dominated the auction, with 1.1 GWp contracted through 33 projects. Combined with the 834 MW contracted in August's solar only auction, this means that the total volume of utility scale solar contracted in Brazil through central government auctions alone this year is approaching 2GW.

Key auction players in solar included SunEdison, which secured contracts for four parks in Bahia, equivalent to 117; a consortium including Solatio and Solairedirect, with four parks in Minas Gerais, Solairedirect alone with a further three parks in Rio Grande do Norte and Tractebel, with 9.2 MW in Rio Grande do Norte. APODI contracted 120 MW through four projects in Ceará, while Steelcon won contracts for three projects in Tocantins, totalling 90 MW.

The big winners in wind were EDP Renováveis, with five projects in Bahia, Rio Energy, with eight projects in Bahia, Voltalia (of France), with a plant in Rio Grande do Norte and Gestamp Eolica with a plant in Bahia.

Regular updates on solar power in Brazil are published on the BSEC Blog


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