Thirty PV projects with a combined capacity of 834 MW were selected in Brazil’s reserve energy auction, which was held on Aug. 29, 2015. The Brazilian Energy Agency (EPE), part of Brazil’s Ministry of Mines and Energy, had accepted 341 PV projects with a combined capacity 11,261 MW for the auction. The auction ended with an average price of 301.79 BRL ($84.2) per MWh. The starting maximum price for the auction was 349.0 BRL ($97.3) per MWh. Projects selected in the auction must begin delivering power in August 2017 and will sell their electricity output to the Brazilian grid under a 20-year PPA. The 30 projects will be developed in the Brazilian states of Bahia (12), Piauí (9), Minas Gerais (5), Paraíba (3) and Tocantins (1). According to local solar association BSEC, 14 projects submitted by Italian renewable energy company Enel Green Power, a subsidiary of the Enel group, were selected through the auction. These projects will have a combined capacity of 410 MW. This is the third time that PV projects are selected through Brazil's energy auctions. © PHOTON
Monty Bannerman
ArcStar Energy
+1-646-402-5076
www.arcstarenergy.com
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