big boys already entrenched in Brazil

Renova Energia to propose 200 MW of PV power during Brazil's A-3 energy auction

04.09.2013: Brazilian renewable energy firm Renova Energia SA plans to submit proposals for 200 MW of PV projects during Brazil’s upcoming A-3 energy auction, according to Brazilian news portal Exame.com. The next A-3 auction for new energy producers will accept proposals for solar energy projects for the first time. The auction was originally scheduled to be held on Oct. 25, 2013 but was recently postponed to November 18. No reason for the postponement was given. Projects selected in the November auction must begin delivering power in 2016. According to the article, Renova Energia recently obtained authorizations to build 400 MW of PV projects in the eastern Brazilian state of Bahia. In a document filed with the Sao Paulo Stock Exchange in March 2013, Renova Energia said it intended to develop eight new PV power plants in Bahia with a combined capacity of 241.9 MW. Some of the projects would rely on multicrystalline silicon modules, while others would use thin-film modules. Details on how much the company expects to invest in the projects was not disclosed. In August 2012, Renova Energia announced that it planned to become both a PV manufacturer and a solar project developer. Prior to that announcement,

 

 

Monty Bannerman

ArcStar Energy

646.402.5076

www.arcstarenergy.com