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Brazil Solar Power Auctions

Canadian Solar, Flextronics Plan 350 MW Solar Panel Factory In Brazil

Canadian Solar, Flextronics Plan 350 MW Solar Panel Factory In Brazil

written by saurabh

Yet another solar panels manufacturing facility has been accounted to cater to the demands of a rapidly growing Brazilian solar power market.

Canadian Solar and Flextronics have announced plans to jointly develop a 350 MW solar modules manufacturing facility in Brazil. The factory is expected to come up at Sorocaba, São Paulo and is expected to start production later this year.

The facility can be expected to supply panels to projects being developed by other companies apart from the ones secured by Canadian Solar itself. The company is reportedly working on solar power projects with 384 MW cumulative capacity. These projects were secured through competitive auctions held by the Brazilian government over the next last few years.

Brazil has already allocated large capacity of solar power capacity and plans to auction several more projects in the near future.

Five states in Brazil had recently accredited more than 200 solar power projects with a combined capacity of more than 9.2 GW. Following the accreditation, the projects will become eligible for participation in the renewable energy auction scheduled for July 29.

The auction will be the fourth in a series of auctions that started in 2014. During the first three auctions, about 2 GW of solar power capacity was selected.

Brazil’s rapidly expanding solar power market has attracted several module manufacturers and investors. Swiss module maker EcoSolifer AG had announced plans to set up factory with 80 MW annual production capacity. Another Chinese company, BYD, had also announced plans to set up a manufacturing facility to cater to the demand for panels from utility-scale as well as rooftop solar power systems.

Photo courtesy of vectoropenstock.com for CleanTechies



June 26, 2016 0 comment
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Over 9 GW Projects In Race For Brazil Solar Power Auction

Over 9 GW Projects In Race For Brazil Solar Power Auction

written by saurabh

Brazil is getting ready for its fourth renewable energy auction and has received interest from a large number of solar power project developers.

According to media reports, 5 states in Brazil have accredited more than 200 solar power projects with combined capacity of over 9.2 GW. Following the accreditation, the projects are believed to have become eligible for participation in the renewable energy auction scheduled for 29 July.

The auction will be the fourth one in the series of auctions that started in 2014. During the first 3 auctions around 2 GW of solar power capacity was selected.

In an auction held November 2015, just under 1 GW solar power capacity was auctioned at an average price of US¢7.75/kWh which was below the ceiling price. Similarly, in the solar-only auction held in August 2015 saw auction of 800 MW capacity at US¢8.42/kWh.

The tariff bids were very similar to the bids seen in the Indian solar power market where several recent auctions yielded bids of around US¢7.00/kWh. It will be interesting to see if bids in the July auction fall further. A total of 133 hydro power projects with combined generation capacity of 985 MW have also been accredited for the July auction.

Few months back the Brazilian government doubled its solar power capacity addition target for 2024. Under the 10-year Energy Plan for 2024, the government announced target to have 7 GW of utility-scale and 1.32 GW of distributed solar power capacity.



May 14, 2016 0 comment
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