Enel Green Power (EGP) has been awarded the right to sign 20-year energy supply contracts for three projects adding up 553MW:
EGP will be investing a total of approximately US$600 million in the construction of the three new solar facilities that will be completed and enter operation by 2017.
Canadian Solar has won five solar PV projects totaling 185 MW In Pirapora, in the state in Minas Gerais, Brazil. Canadian Solar will develop and build the solar power plants which, once connected to the grid will sell the electricity generated to a Brazilian government entity, under a 20-year PPA.
The five projects are targeted to reach commercial operation in mid-2017. The company will short list potential equity partners for these projects and believes that it can make adequate developer margins should it decide to sell them.
Other companies that have been awarded PV projects are Spain’s Solatio, SunEdison, which was awarded two projects worth 16 MW in the municipality of Bahia, and Renova.
The first Brazilian solar-only tender saw 31 projects selected for around 834 MW of PV generating capacity. Previously solar had competed against other renewable sources under the country’s renewable energy program and were often out-competed by wind projects on price.