Solar, Wind Farms Dominate Brazil Power Auction in November
Developers of solar and wind farms in Brazil have registered 93 percent of the projects enrolled in a government-organized auction for new power plants scheduled for Nov. 18.
Companies registered 629 wind farms with a total 15,042 megawatts of capacity and 119 solar plants with 3,019 megawatts, energy agency Empresa de Pesquisa Energetica, known as EPE, said yesterday on its website.
Developers proposed 17 hydroelectric dams with 340 megawatts of capacity and 19 plants that run on either biogas, biomass or natural gas with a total of 1,012 megawatts, according to the statement.
The so-called A-3 bid is for power plants coming online by Jan. 1, 2016, and was originally planned for Oct. 25, EPE said Aug. 19 in a statement on its website. It will be Brazil’s first auction to include solar plants.
In Brazil’s power auctions, regulators set a ceiling rate and developers bid down the amount at which they are willing to sell power. The lowest bids win contracts.
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