Brazil: 20.6 GW of solar bidders for auction

The Brazilian solar revolution is gathering pace with November’s planned renewable energy auction having attracted 649 interested bidders boasting a total 20.593 GW of capacity.

With solar projects in the national auction outpacing wind, which has attracted 730 schemes totaling 17.964 GW, the exercise is hugely oversubscribed but it is impossible to say by how much because the Brazilian Ministry for Mines and Energy has not announced what capacity will be installed as a result of the auction, to be held on November 13. The nation’s first national solar auction, held last year, saw 1 GW of projects started in a country whose cumulative capacity currently stands at around 15 MW.

Successful bidders must have projects up and running by November 2018 under 20-year PPAs and Bahia is the most popular destination for renewables projects, with 192 solar schemes vying for tenders, totaling 6.049 GW of capacity, as well as 243 wind projects with a capacity of 6.050 GW.

The less populous Rio Grande do Norte is the second most attractive destination with 97 PV bidders mustering 3.315 GW of projects and 184 wind schemes with a total 4.333 GW capacity.

November’s auction will be preceded by a national solar-only auction next month. Some 382 projects have registered, with a total 12.528 GW of capacity, for the auction, on August 28.