CPFL Energias Renováveis S.A. (CPRE3) has signed a power purchase agreement (PPA) to sell the 28 MW of power of the Lucia Cherobim hydropower project located in the state of Paraná and the 69.3 MW of the Gameleira wind power complex located in the state of Rio Grande do Norte.
The agreement related to this sale will be signed with the electricity distributors that declared themselves energy buyers in the New Energy Auction A-6/2018. The agreement will be in force for 30 years for the Lucia Cherobim hydropower project and 20 years for the Gameleira wind power complex, with energy supply starting on January 1, 2024.
The Lucia Cherobim hydropower project sold 16.5 MWavg at R$189.95/MWh (base Aug 18), with annual adjustment by the IPCA index, as against the auction ceiling price of R$290.00/MWh.
The Gameleira wind power complex sold 12.0 MWavg at R$89.89/MWh (base Aug 18), with annual adjustment by the IPCA index, as against the auction ceiling price of R$227.00/MWh. Additionally, its remaining energy was sold in the free market.
With the sale in the auction in the free market, the Company’s contracted capacity is 2,199.9 MW, of which 451 MW from small hydropower plants, 1,377.8 MW from wind power plants, 370.0 MW from biomass-fired thermal power plants, and 1.1 MWp of solar power traded in the regulated and free contracting environments.
