Monday, April 16, 2012

Brazil says solar at $0.164/kWh still too expensive to adopt

South America

Citing high cost of solar energy, Brazil says it will hold off on solar auctions for the near-term

13.04.2012: News agency Reuters reports that the secretary of energy planning for Brazil’s Ministry of Mines and Energy, Altino Ventura Filho, said that Brazil would not hold solar auctions in the near-term due to the high cost of solar energy. According to Ventura, solar energy currently costs between BRL 300 and 400 (between $164 and $219) per MWh, compared to just BRL 100 ($55) per MWh for wind power. Ventura said that Brazil would reconsider solar auctions once solar energy becomes competitive, which he expects to occur in Brazil in the next five years. … Source: Reuters; Translation and summary: PHOTON

http://www.reuters.com

http://br.reuters.com/article/businessNews/idBRSPE83B05P20120412

 

 

Monty Bannerman

ArcStar Energy

646.402.5076

www.arcstarenergy.com

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