Enel Green Power wins big in Brazil

Facebook
Twitter
LinkedIn
Reddit
Email

Italian-based developer Enel Green Power (EGP) was the big winner in the latest solar-dedicated auction in Brazil while average prices per MWh fell below US$85.

With an extra 410MW awarded to it in the latest auction, the company now claims to be the biggest player in the Brazilian market. It has a total of 553MW of solar awarded to it under 20-year contracts.

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 auction received bids totalling 11.3GW across 341 projects. Just 30 projects totalling 1,043MW were successful. The average price was BR301.79/MWh (US$83.19/MWh), according to data released by the country’s Energy Research Agency (EPE). This is 13% lower than the BR340 ceiling price imposed in the auction.

SunEdison was awarded just under 60MW at a price of BR305.51/MWh. The lowest successful bid price was BR296/MWh.

Read Next

May 20, 2025
SOLV Energy has announced plans to build more than 6GW of new utility-scale solar and storage capacity in the US.
May 20, 2025
The three projects, Mammoth South, Mammoth Central I, and Mammoth Central II, have a generation capacity of 300 MW each.
May 20, 2025
Third-party ownership (TPO) of non-residential projects in the US has led commercial and industrial (C&I) and community solar financing in 2024.
May 20, 2025
Changes to tax credits under the Inflation Reduction Act (IRA) could “jeopardise” nearly 300 US solar and energy storage manufacturing facilities, according to trade body the Solar Energy Industries Association (SEIA).
May 20, 2025
'We’re here because you do it really well, and we want to learn from you,' Abigail Ross Hopper, CEO of SEIA, told PV Tech Premium.
Premium
May 20, 2025
PV Talk: At this year’s Intersolar event SEIA's Abigail Ross Hopper said a 'universal effort' would be needed for the energy transition

Subscribe to Newsletter

Upcoming Events

Solar Media Events
May 21, 2025
London, UK
Solar Media Events
June 17, 2025
Napa, USA
Solar Media Events
July 1, 2025
London, UK
Solar Media Events
July 1, 2025
London, UK
Solar Media Events
July 8, 2025
Asia