Cobra and Lintran, two subsidiaries of the Spanish infrastructure group ACS, have won licenses to develop and operate nine solar power plants in Sao Paulo, Brazil.
The licenses are part of an 889 MW alternative energy auction held by the government of Brazil.
The nine solar facilities will have a total capacity of 270 MW. The plants will be located in the northern state of Sao Paulo in an area of 412 hectares. The area is divided in two complexes:
The firms have paid a total of €406 million (US$523 million) for the licenses.
Construction works are scheduled to begin by the fourth quarter of 2015. The projects are expected to be operational 16 months later.
According to ACS, the contract involves the sale of energy at 218.37 reais per MWh, which is more than the average of 215 reais/Mwh paid for other licenses.
The firm has not disclosed the licenses period.
We recently reported that Canadian Solar Inc. won 3 solar photovoltaic (PV) projects totaling 114 megawatts (MW) In Vazante, in the state in Minas Gerais in Brazil.