Brazil auction sets record low solar price of US$17.5/MWh

Share on facebook
Share on twitter
Share on linkedin
Share on reddit
Share on email
Atlas Renewable Energy's project in Bahia, Brazil. Source: Atlas Renewable Energy.

The results of the Brazilian A-4 auction yielded a record low solar price of US$17.5/MWh.

The auction attracted record levels of interest with 751 solar projects totalling 26.2GW registering for the tender. In the end, just six were awarded 20-year contracts with an average power purchase agreement (PPA) price of BRL67.48/MWh (US$17.5/MWh).

Just over 200MW of solar capacity was awarded, according to the initial statement from the country’s energy regulator CEEL.

Projects must be connected by January 2023.

PV Tech will feature more coverage on this breaking story on 1 July.

Read Next

October 27, 2021
Colombia has awarded contracts to 11 solar PV projects with a combined capacity of 796.3MW in its third renewable energy auction.
October 26, 2021
PV Tech speaks with the CCO of Invinity Energy, a company specialising in vanadium flow batteries, to discuss his company's plans and what needs to happen with the storage sector
October 22, 2021
Alight has signed agreements to build three solar parks in Sweden that according to the company will be the largest in Sweden once built with a total installed capacity of 90MW.
PV Tech Premium
October 22, 2021
Average winning solar bids in Spain’s renewables auction this week came in above those for wind as interest among PV bidders faltered against a backdrop of rising equipment costs and regulatory uncertainty.
October 20, 2021
Spain’s latest renewables auction closed with solar PV bidders being awarded just 866MW of capacity, with players such as Naturgy and Bruc among the winning participants.
October 20, 2021
Pharmaceutical giant Pfizer has signed a 310MW virtual power purchase agreement (VPPA) with Texan renewable energy company Vesper Energy under a 15-year agreement.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
November 10, 2021
8am (PST) | 5pm (CET)
Solar Media Events
December 1, 2021