Brazil PPAs from 2013 auction executed at $75.70/MWh and all-in costs of $1.62/Watt

20.08.2015: Brazilian developer Kroma Energia e Cone has signed a long-term PPA for a 50 MW PV project with the Ministry of Economy of the Brazilian state of Permanbuco. he 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. The project, which has a required investment of 200 million BRL ($57.6 million), will be located in Flores, in the north of the state. This is the second PPA signed by local government for a PV project selected through the auction held in 2013. In April, Italian renewable energy developer Enel Green Power Spa, a subsidiary of the Enel Group, signed a PPA for a 11 MW PV plant it is developing 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

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Monty Bannerman

ArcStar Energy

+1-646-402-5076

www.arcstarenergy.com