Brazil Register 38.9 Gigawatts for November Energy Auction

Energy developers in Brazil applied to sell power from 1,379 plants, with a total of 38.917 gigawatts, in an auction planned for Nov. 13. Most applications were for wind farms.

A total of 17.9 gigawatts of wind capacity from 730 projects are registered for the event, according to an e-mailed statement Wednesday from Brazil’s energy research agency, known as EPE.

Solar projects were also an important part of registrations, with 649 plants, with a total of 20.953 gigawatts.

In Brazil’s energy auctions, companies compete for long-term contracts to sell electricity from power projects they’re planning to build.

Before it's here, it's on the Bloomberg Terminal. LEARN MORE