Developers snare 4.98GW at Brazil A-5 auction

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Friday, November 28, 2014

Energy developers committed to 4.98GW of new projects at Brazil's A-5 generation auction on Friday.

Federal power trade chamber CCEE said 51 plants were auctioned with an average price of 196 reais (US$76)/MWh. Projects are due to be completed by the end of 2019.

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Thermoelectricity made up more than 80% of energy sold with 4GW from three natural gas plants, eight biomass plants and one coal plant.

Wind power accounted for 926MW from 36 farms, while three small hydropower plants were also auctioned, totaling 44MW.

The 145MW Itaocara project in Rio de Janeiro – the only large-scale hydropower plant on offer – failed to attract bids.

According to power regulator Aneel, the states of Rio Grande do Sul, Pernambuco and Bahia attracted greatest interest from plant developers.

Aneel director André Pepitone da Nóbrega said that 6.323GW of installed capacity had so far been connected to Brazil's grid this year. A further 1.2GW is expected to be brought online by December 31.