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Brazil sets date for first solar auction of 2015

First published on the BSEC Blog, 16 March 2015

The Brazilian Government has confirmed that the first dedicated solar energy auction for 2015 will take place on 14 August. Utility scale solar developers who are successful in the auction will have two years to build their projects, after which they will be awarded a 20-year PPA (contract) for the supply of energy to the national grid.

The policy of Brazil’s Ministry of Mines & Energy involves dedicated solar energy auctions, which are intended to contribute to a diversification of the nation’s energy mix. Brazil has been suffering from severe droughts, which have depleted water levels in the hydro electricity reserves (the dominant source of electricity in Brazil) resulting in outages this year. The situation has forced Brazil to import electricity from neighbours.

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Brazil's first national solar auctions prove a success

Ftirt published on the Cleantech Investor website, November 2014

The first dedicated solar auction took place in Brazil on 31 October 2014. The auction was – on the face of it – a great success, awarding contracts to 31 projects with combined capacity of 1,048 MW. The average price contracted in the October 2014 auction was R$21512 / MW hour, a 17.9% discount on the auction opening price of R$262.22 / MW hour.

The race is now on for manufacturers to deliver equipment (preferably locally manufactured in order for the project developers to benefit from favourable financing from the local development bank, BNDES) on time to these 31 projects, which must start to deliver energy to the grid by October 2017. There are discussions on bridge financing from private sector banks.

 

CPV - an oasis in the CSP desert?

First published in Cleantech magazine, Volume 6, Issue 1. Copyright Cleantech Investor Ltd

CSP desert

With solar photovoltaic prices plummeting, Denis Gross looks at the rise of Concentrated Solar Photovoltaic technology.
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2011: A Review of Cleantech Equity Deals - Solar

Published in: 2011 - A Review of Cleantech Equity Deals, January 2012

With the price of polysilicon falling by some 64% during 2011 to US$26.52, the biggest news in the sector involved bankruptcies of US firms, such as Solyndra, which could no longer compete with the Chinese. Some of the US companies which were suffering managed to find industry buyers – notably SunPower, which saw Total acquire a 66% stake.

Despite the travails of the industry, venture capital stage investment in innovative technologies was still in evidence. We feature a selection of deals in this section. There were also significant levels of venture capital investment in the thin film and concentrated solar areas – both covered separately in the following sections.

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