In local currency terms, the average winning price was 4% lower than the R$301.79 average in a solar auction held in late August. In US dollar terms, the price was 7.4% below the $84.15/MWh seen then.

Among the auction’s winners were SunEdison and its local partner Renova, Spain's Solatio and France's Solairedirect, as well as several local developers like Kroma and Steelcon.

The developers have until 1 November 2018 to build and commission their projects, at which time a 20-year power off-take contract takes effect.