Brazil retreats from solar auctions

Facebook
Twitter
LinkedIn
Reddit
Email

Despite our reports in March and earlier this month, the Brazilian Secretary of Energy Planning and Development of the Ministry of Mines and Energy, Altino Ventura Filho, has announced that solar energy will not form part of auctions in order to augment generation of solar power.

Auctions are already in place for wind power, but the Brazilian government had proposed to implement new regulations to make solar PV a more viable option for electricity generation in the country. The argument for going back on this decision has been attributed to claims that the price of solar is too high. In previous auctions, the government alleges that solar power cost on average €150, whereas wind energy is around €76.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

The minister suggested that foreign investors have calculated a 15 – 20% annual drop in price in five years time, when solar energy would become more competitive and would be able to stand up against other renewables such as wind power, which is fairly established in the country.

The government states that low demand for solar power means there is no urgency to develop it presently and offers more time for evaluation.

Read Next

Subscribe to Newsletter

Upcoming Events

Solar Media Events
April 10, 2024
Dallas, Texas USA
Solar Media Events
April 17, 2024
Lisbon, Portugal
Solar Media Events
May 1, 2024
Dallas, Texas
Solar Media Events
May 21, 2024
Napa, USA