The price cap was also well above the R$300/MWh that the Brazilian Solar Power Association (Absolar) was expecting because of a 20% devaluation in the local currency since the beginning of the year, higher inflation and financing costs.
“This is a good price,” says Rodrigo Sauaia, executive director of Absolar. “Such a price will allow strong participation of players at the auction and reflects the perceived risk of investing in Brazil”.
Sauaia
