Going to be a stretch to get finance at that PPA rate. The cost of being first to market.
24.04.2015: The Ministry of Economy of the Brazilian state of Permanbuco has awarded Italian renewable energy developer Enel Green Power Spa, a subsidiary of the Enel Group, a PPA for a 11 MW PV plant that the company will build in the region. The project was selected by Pernambuco’s energy agency Recursos Hidricos e Energeticos (SRHE) in the frame of an auction for large-scale PV projects held in December 2013. Enel Green Power will install the plant in Tacaratu, in the desert of Itaparica. The project will be located close to an existing 80 MW wind power plant. Through the solar auction held in 2013, SRHE selected six PV projects totaling 122.8 MW. The six projects have a power range of 5 to 30 MW and require a global investment of 597 million BRL ($198.4 million). The auction ended with an average price of 228.63 BRL ($75.7) per MWh – the starting maximum price for the auction was 250 BRL per MWh. © PHOTON
Monty Bannerman
ArcStar Energy
+1-646-402-5076
www.arcstarenergy.com
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