The ceiling-price for the upcoming auction is twice what the federal government had laid down for its A-3 and A-5 tenders, respectively R$126 and R$122 per MWh.

In the A-3 process, which took place a week ago, no solar projects issued bids due to the low cap price that was calculated based on wind power prices. The A-5 is scheduled on 13 December, but few industry sources believe that solar enterprises will be successful.

According