31 solar projects to come up in Brazil - infrabuddy.com

1048 MW capacity 31 solar photovoltaic (PV) projects have been cleared by the Brazilian government. The country has recently faced power crisis due to the worst ever drought in last eighty years.

Brazilian authorities have awarded €1.33bn worth 20-year energy supply contracts with companies which will commence operations to provide the most competitive and lowest priced power to the national grid in 2017.

The eight hour long auction saw the final price of solar power at around 220 reais ($89) per megawatt-hour, almost 18% lesser than earlier price of of 262 reais ($106) set by the government.

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