The Chinese-Canadian company has secured two more deals in the Brazilian deregulated energy market. A 12-year PPA was awarded by BTG bank while a second, 15-year contract was awarded by power provider Furnas Centrais Elétricas.
The country’s energy regulator will publish the auction’s final bidding terms in December. Projects awarded contracts under the auction will supply electricity under 15-year power purchase agreements for 2026-2040.
Iberlyzer will begin operations next year and will produce more than 200 MW of electrolyzers in 2023, with an initial investment of close to €100 million. In addition, the Spanish energy giant has signed an agreement with Norwegian company Nel to build and develop large electrolyzers in Spain.
Iberdrola has agreed to supply electricity from a 590 MW solar project to nine facilities owned by German pharmaceutical giant Bayer.
In addition to the auction, scheduled for the first quarter of 2021, the Latin American country is also defining a green hydrogen roadmap in collaboration with Chile.
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