“The postponement would pass on to the end-consumer the risk assumed by the independent power producer,” says Aneel director Reive Barros dos Santos, who reviewed the request. His decision won full support from Aneel’s board.
Dos Santos notes that a postponement could have led other developers to “relax in their planning and investments”.
The developers included China's Canadian Solar, Spain's FRV and Cobra, and Brazilian firms Renova Energia, Rio Alto and Inharé Solar, which won contracts at the reserve auction in October 2014.
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