Brazil allocates 806 MW of solar in A-4 auction, final average price drops to $35.2/MWh

Brazil’s government-run energy agency, Empresa de Pesquisa Energetica (EPE) and the Electric Energy Trading Chamber (CCEE) have allocated around 806.6 MW of PV capacity in the A-4 energy auction, which was held today.

Overall, around 1 GW of renewable energy capacity was assigned in the auction, including 114.4 MW of wind power, 61.8 MW of thermal capacity from biomass, and 41.6 MW of small-sized hydroelectric power facilities.

According to information provided to pv magazine by Rodrigo Sauia,  president of Brazilian solar association, Absolar, the final average price for the selected solar projects was around 118 BRL ($35.2)/MWh. The Brazilian energy regulator, ANEEL had established a maximum price of 312 BRL (US$96.5)/MWh for PV.