December 12 (Renewables Now) - Brazil's Ministry of Mines and Energy has recently announced the guidelines for a new energy auction to be held on May 28, 2020.
Through a decree published in this week's Official Gazette, the government confirmed that the A-4 auction will contract hydro, wind, solar and biomass power.
The winner will secure power purchase agreements (PPA) with a 30-year term for hydropower, and a 20-year term for wind, solar and biomass sources. The contracts will become effective on January 1, 2024.
Investors and interested parties can submit projects for registration by state-owned energy research firm EPE until January 17. The schemes that have already been technically qualified in A-4 and A-6 auctions held in 2019 can re-enter the new tender as long as the projects remain unchanged, the ministry stated.