“Today, solar, in terms of tenders, is not competitive,” says Maurício Tolmasquim, president of the national energy research centre, EPE, which produced the study for the Energy Ministry.

The current price for electricity generated from large PV arrays is estimated to be R$405 ($198) per MWh without subsidies, compared to prices of about R$100/MWh for wind energy in the most recent power tender and an average of R$151/MWh over the past few tenders.

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