Solar wins 166MW in most current Brazilian renewables auction

• Solar projects worth 166MW of capacity have actually won out in Brazil's most current renewables auction, power regulatory authority EPE has actually verified.

The A-4 new power auction (" Leilões de Energia Nova" in Portuguese) has actually awarded a total amount of 947.9 MW of renewable resource with thermoelectric power taking 409MW between 2 projects, while just five solar PV have been awarded.

This comes in spite of solar projects exceeding other modern technologies. Around 51GW of solar projects entered the auction, more than double the capacities from wind, hydro and biomass integrated.

The total auction figure of 75.25 GW was a record for Brazil's renewables auction programme.

Solar PV and wind projects completed versus each other in a unique group in a framework designed to make prices more affordable in between the innovations, which will be "valuable" for the customers, composed the energy regulator EPE.

The average price for the tender got to BRL258/MWh (US$ 54.27/ MWh), driven up by thermoelectric biomass as well as hydroelectric.

Solar PV was the most affordable renewable source with approximately BRL178.24/ MWh (US$ 37.49/ MWh).

Both the average price for the tender as well as solar PV have boosted compared to the previous renewable tender in September 2021, with solar PV getting to BRL166.9/ MWh at the time.

Winners in both solar PV as well as wind will have a 15-year agreement with all renewable projects for this auction set to be operational by January 2026.

High demand for next renewable auction

The Brazilian energy regulator likewise launched the report of enrollments for the following tender to be held in 16 September 2022 which remains to remain in high demand, particularly from the solar side.

Once again, numbers surpassed previous tender provides with an overall of 83GW for the A-5 renewable auction, of which 55.8 GW alone comes from solar PV (see graph listed below for the area) and majority of the 2.044 applications came from that renewable energy.

An additional tender, the A-6 will certainly likewise be held at the same time but without solar PV projects having the ability to take part in it, which has been replaced by natural gas.

Between both auctions, there have been an overall of 2104 unique projects for an offer of 114GW, as some projects have been presented for both auctions.

The Northeast of Brazil collected the majority of solar PV's registered bids for September's auction

Minas Gerais is the region with the highest bids for solar PV with almost a fourth of overall demand (14GW), and with the northeastern regions such as Bahia and Piauí with the majority of the remainder of the solar PV demand.