Prodiel will begin construction on the 162 MW PV plant, developed by Norway’s Scatec Solar and Statoil, “imminently”. The US$215 million project is expected to be operational in Q4 2018.
Overall, Brazil’s total distributed renewable energy generation has topped 200 MW.
This time, the state of Espíritu Santo has agreed to adopt the fiscal incentive for net-metered solar PV systems up to 1 MW. The measure has been suggested by the Brazilian central government to all the country’s states since September 2015.
The funds will be used to provide financing for residential PV projects across all of the nine states that form the so-called Amazônia Legal.
The new A-4 auction will be open to thermoelectric, wind, solar and hydro large-scale power projects, which must be operational from 2022.
Around 5,300 trackers will be installed at a plant that Scatec Solar has developed in the Brazilian state of Ceará. With this project, Soltec has supplied a total of 909 MW worth of trackers in the country, and 1.7 GW in Latin America.
The Brazilian Development Bank (BNDES) has changed its loan committments, and will now cover 80% of the financing of all competing technologies, compared to the previous auctions, where this percentage was granted solely to solar. As in the previous auctions, financing will only be allocated to projects using locally-manufactured equipment.
According to a report on Brazil’s auctions for large-scale solar and renewable energy projects, published by local consultancy company Greener, around 880 MW of PV projects selected in auctions are expected to become operational by the end of this year, while another 1.29 GW have good chances of being completed in 2018.
The Brazilian solar company will invest around 100 million BRL (around $30.7 million) in five solar facilities in the Brazilian state of Tocantins.
Solar will have the same ceiling price as thermoelectric and biomass power projects, while wind and hydro will have a maximum price of $83/MWh and $85/MWh, respectively.