Brazil holds off power public auctions

Apr 1, 2020 06:09 PM ET
  • When they will certainly return to, the Ministry of Mines as well as Energy has actually postponed public auctions to acquire brand-new transmission as well as generation ability and also has actually not revealed.
Brazil holds off power public auctions
Image: designelo/Pixabay

The Brazilian Ministry of Mines as well as Energy (MEM) has actually introduced the post ponement of nationwide power generation as well as transmission public auctions. When the public auctions would certainly return to amidst unpredictability over exactly how long the Covid-19 situation will certainly linger in the country, no day was defined for.

When the public health and wellness dilemma had actually eased off, the ministry emphasized on its internet site the public auctions had actually been delayed instead than terminated as well as it wished they would certainly return to.

When to return to the workouts, the National Energy Policy Council will certainly assess. Solar projects were anticipated to complete in the A-4 as well as A-6 public auctions prepared for this year, so called as a result of the variety of years programmers need to attach centers to the grid after authorizing power supply agreements.

In the A-6 public auction kept in October, the Brazilian federal government designated 2,979 MW of generation ability of which 530 MW was solar. The last ordinary solar electrical energy cost was BRL84.39/ MWh ($16.1028 at today's currency exchange rate) as well as was the most affordable amongst the contending modern technologies.

In the A-4 public auction in late June, the federal government alloted 211 MW of solar generation capability as well as the most affordable PV rate proposal can be found in at the matching of $17.30/ MWh by that duration's currency exchange rate. At the time, that was the most affordable power cost ever before tape-recorded for big range solar in a power public auction.

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