Brazil awards 2.24 GW of renewables in Oct 18 tender

Wind farm in Brazil. Author: Otávio Nogueira. License: Creative Commons, Attribution 2.0 Generic.

October 21 (Renewables Now) - Brazil awarded renewable power supply contracts to projects with a combined capacity of around 2,245 MW in Friday's tender, the Power Trading Chamber (CCEE) announced.

Contracts for about 250,148,822.4 MWh at an average price of BRL 176.09 per MWh, or over BRL 44 billion (USD 10.69bn/EUR 9.57bn) in total, were signed during the auction. The bidding process allowed solar, wind, biomass, hydropower, coal and natural gas sources to compete. Wind power was the biggest seller with over 1,040.23 MW across 44 projects.

Details on the whole contracted capacity by source are available in the table below.

Source Number of projects Capacity
Wind 44 1,040.23 MW
Solar 11 530 MW
Hydropower 27 445.15 MW
Biomass 6 230 MW
Natural gas 3 734.13 MW

This tender negotiated power purchase agreements (PPA) with power supply is scheduled to begin in January 1, 2025.

(BRL 1 = USD 0.243/EUR 0.218)

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Lucas is based in Brazil. He joined Renewables Now to expand coverage of the Ibero-American market, a highly attractive destination for green energy investment.

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