A total of 1.2GW of power was contracted through the Reserve process, with an overall average price of R$99.61/MWh.

A total of 34 wind farms and seven biomass plants secured contracts on the heels of Wednesday's larger A-3 tender, which saw 44 wind farms and four biomass plants succeed in obtaining 20-year deals with the government.

A 50MW biomass plant offered the lowest rate, of R$95/MWh.