The auction was scheduled on 10 April, but Brazil’s Ministry of Mining and Energy delayed the auction until 27 April. During the auction, interested developers will bid on the electricity price to win contracts to sell power to distributors for as long as 20 years.
The maximum bidding prices will be BRL 179 / MWh for wind power projects, and BRL 215 / MWh for biomass projects.
The approved projects include:
According to sources, a total of 570 proposals have been submitted for the auction, totaling a combined capacity of 14,962 MW. The proposals included a total of 530 wind projects (12,895 MW) and 40 thermal biomass project (2,067 MW).