Only 530 MW of the 2.97 GW of renewable energy generation capacity contracted in the procurement exercise went to solar. Eleven solar projects were successful and their final electricity prices were far below those offered by competing technologies.
The nation’s thriving distributed generation market is flying, as was evident at last week’s Intersolar South America trade show. The sector seems unconcerned by mooted changes to net metering incentives in the new year and when even an environmental non-believer like President Bolsonaro is on side,…
Although only two of the nine projects selected in the auction are for hybrid biomass-solar power plants with some storage, seven will rely on renewable energy sources. The largest selected project, however, is a 123 MW gas power plant in the city of Boa Vista.
After being excluded from the A-6 auction last year, solar will now be entitled to compete for 20-year PPAs alongside wind, hydro and thermal power projects in future procurements. The next auction will be held on September 26.