article orginally published on www.solarserver.com, in June 4th, 2015
Brazil’s Energy Research Company (EPE), which is conducting the nation’s Reserve Energy Auctions, on June 1st, 2015 announced that the volume of solar photovoltaic (PV) projects accredited for the next tender adds up to an installed capacity of 12,528 megawatts (MW).
The 382 PV projects will now enter the qualification phase, in order to participate in the PV only tender scheduled for August 14th, 2015.
Brazil’s government sets a ceiling price for the energy tenders, and developers bid down the price at which they are willing to sell solar power from the projects. The lowest bids win long-term power purchase agreements. In the October 2014 auction PV developers agreed on an average solar power sales price of approx. USD 71.77 (MWh), amongst the cheapest in the world.
Brazil has set a goal of reaching 3.5 gigawatts (GW) of installed solar PV capacity by 2023, producing about 1.8 percent of the country’s electricity, up from less than 35 MW in 2014.
