Canadian Solar has been awarded two solar photovoltaic projects totaling 190.5 MWp in the 7th Brazilian Federal Auction held in October 2019. The Brazilian government allocated a total of 2,979 MW of generation capacity, of which 530 MW was solar.
Canadian Solar will develop and build the 152.4 MWp Gameleira project in the State of Ceará and the 38.1 MWp Luiz Gonzaga Project located in the State of Pernambuco. The construction is scheduled to start in the third quarter of 2021 and the first quarter of 2022 respectively, and both expected to reach commercial operation before January 2023, two years earlier than the date required by the government.
Once in operation, the two solar power plants will generate approximately 433 GWh of electricity annually. 30% of the electricity generated by the plants will be purchased by a pool of distribution companies under two 20-year power purchase agreements (PPAs), with an average contracted price of 84.38 BRL/MWh (US$22.32/MWh). The rest of the electricity will be purchased under long-term private PPAs which are under negotiation.
Country updates
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November 12, 2019
Total Eren to develop a 67.3 MW wind project in Areia Branca
Total Eren SA is planning to develop a BRL350 million (US$84 million) worth of investment in Brazil. The 67.3 MW wind park is to be located in Areia Branca, in Brazil's Rio Grande do Norte state. It...
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October 29, 2019
Brazil approves sale of 81.5% stakes in Cosan Biomassa
Brazil’s antitrust agency CADE (Administrative Council for Economic Defense) has approved the bid of Royal Dutch Shell Plc to acquire the 81.5% stake in Cosan Biomassa from Raizen Ener...
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October 28, 2019
AES Tiete ends deal with Renova for 743 MW Alto Sertao III wind project sale
AES Tiete Energia SA has ended the deal with Renova Energia SA for the sale of the 743 MW Alto Sertao III wind power complex plus a 1.1-GW wind project pipeline. The two companies have fai...
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October 28, 2019
Copel completes construction of 181 MW Cutia wind complex in Brazil
Copel has put into operation the last three generating units of the Cutia Wind Complex, located in the municipalities of São Bento do Norte and Pedra Grande, on the coast of Rio Grande do Norte...
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October 25, 2019
BNDES approves financing to 360 MW Umburanas wind complex in Bahia
The Brazilian Development Bank (BNDES) has approved financing of BRL1.26 billion (US$312.4 million) to Engie's 360 MW phase of Umburanas Wind Complex. The 360 Mw phase of the Umburanas Wind Power Com...
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