September 7th is the Labor Day holiday in the US. It’s also Brazilian Independence Day – the holiday happens to coincide with the announcement of the winners of Brazil's third solar auction.

Brazil's reverse solar auction last week was a "highly competitive" contest which awarded a total of 833 megawatts (out of 11.2 gigawatts of total qualified bids) at a clearing price of $0.085 per kilowatt-hour. Below are the winners information:

• Enel Green Power (EGP) of Italy was the big winner and was awarded the right to sign 20-year energy supply contracts for a total of 553 megawatts across three solar projects.
• SunEdison won two projects totaling 16 megawatts in the Bahia region.
• Conergy won 60 megawatts for two projects to be built in northeast Brazil. “Brazil’s auction was one of the most competitive in the world,” said Conergy's Eduardo Abreu. Conergy’s two projects are to receive a 20-year PPA in the amount of $82.57 per megawatt-hour indexed to local inflation; they are set to begin construction in the first quarter of 2017.
• Spain’s Solatio
• Martifer Energy
• Canadian Solar won five PV projects totaling 185 megawatts in Minas Gerais, Brazil. Canadian has a 20-year PPA at approximately $84 per megawatt-hour.

Source: greentechmedia