September 12 (Solar) – Brazil's power sector regulator Aneel gave the go-ahead Tuesday to a 25-MW photovoltaic (PV) project that won contract in the A-4 energy auction.
Under the auction rules, held on April 4, 2018, power supply is scheduled to begin on January 1, 2022. The Sao Pedro e Paulo I scheme will require BRL 125.9 million (USD 30.3m/EUR 26.1m) in investments, according to the tender results published by the Power Trading Chamber (CCEE).
The tender awarded 30-year and 20-year power supply contracts (PPAs) for solar, wind, biomass and hydro sources. In all, 1,024.5 MW of power capacity was sold at an average price of BRL 124.75 per MWh. As of now, Aneel is awaiting the evaluation from the Special Bidding Committee (CEL) of the remaining two projects.
(BRL 1 = USD 0.24/EUR 0.21)