Solar dominates Brazil A-4 tender as record low is contracted

Solar was the big winner in Brazil’s first power tender since 2015, as low demand and transmission bottlenecks hampered trading and resulted in just 674MW (AC) being contracted.

PV accounted for 574MW (AC) – around 791MW DC – or 85% of the total capacity contracted at an average price of R$145.68 per MWh ($45.42/MWh). This was 55% below the cap price of R$329/MWh.