Brazil Ministry of Mines and Energy (MME) has said it expects the 49 solar projects contracted in the last A-4 energy auctions to generate investments of BRL8 billion (~US$2.2 billion) by 2021 and create a further 1.8GW of power capacity.
Brazil’s energy agency EPE has set an 18 December date for the A-4 energy auction, which includes the potential of 20-year PPAs for wind, solar and biomass along with 30-year PPAs for hydro.
Brazil’s energy agency ANEEL has cancelled nine solar projects totalling 249.7MW of capacity and 16 wind farms with a combined capacity of 307.7MW in its first ever de-contraction auction.
Brazil has released its long-awaited 10-Year Energy Expansion Plan proposition, PDE 2026, projecting the country to reach more than 13GW of solar PV deployment by 2026.
Brazil is primed to surpass 1GW of solar in 2017 as projects from three auctions between 2013-15 start to come online, but the industry eagerly awaits the next government 10-year electricity demand forecasts, according to the Brazilian solar association ABsolar.
Brazil’s development bank BNDES and the Inter-American Development Bank (IDB) have approved a US$750 million conditional credit facility for the Brazil’s Sustainable Energy Financing Program.
The last minute decision to drop Brazil’s only solar and wind auction for 2016 has been “received with perplexity” by the Brazilian PV sector, according to the head of the country’s solar association.
Brazil has cancelled its only reserve energy auction for wind and solar in 2016, due to an expected power oversupply in the country, according to a Reuters report.
Brazil’s Ministry of Mines and Energy (MME) has released new guidelines for transmission, which will come into play in time for the wind and solar projects to be tendered in the second reserve energy auction this December.
Brazil’s Ministry of Mines and Energy (MME) is proposing to allow solar developers that won projects in the 2014 auction to cancel them with a reduced penalty fee.
