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Brazil Clean-Energy Developers Sell 1.5 Gigawatts of Wind, Solar

  • Government raised auction ceiling prices after currency slumps
  • Brazil targetting 7 gigawatts of solar power by 2024

Energy developers won contracts to sell almost 1.5 gigawatts of clean electricity in Brazil after the government raised a price cap to attract bidders.

Wind-power companies including Rio Energy and EDP Renovaveis SA agreed to provide 548 megawatts of capacity, Sao Paulo-based electricity trading board CCEE said on its website Friday. Solar companies such as SunEdison Inc. and Rio Alto Energia won contracts for 929 megawatts at the government-organized energy auction.