Lightsource bp's 210 MW solar project contracted by Casa dos Ventos; A 50 MW solar power plant has come online in the Dominican Republic; Brazil's A-4 auction selects 948 MW new capacity including 166.06 MW solar PV.
Lightsource bp's solar PPA in Brazil: Lightsource bp has entered into a solar PV energy purchase and sale agreement with Brazilian renewable energy projects developer Casa dos Ventos. For the latter it is the 1st long-term solar power purchase agreement (PPA) valid for 10 years, and for Lightsource bp it is the company's 1st solar project in Brazil. The PPA relates to the 210 MW Milagres Solar Project that is currently under construction in Ceara state's Abaiara region. It is expected to come online in early 2024. Casa dos Ventos plans to add 800 MW of solar power generating capacity to its portfolio in the coming years.
50 MW solar plant online in Dominican Republic: 50 MW El Soco Photovoltaic Park Project is online in the municipality of Consuelo in Dominican Republic. It is expected to generate more than 130 million kWh annually and will help bring down electricity prices, stated National Energy Commission (CNE). While inaugurating the project, the country's President Luis Abinader said under his administration there has been a record investment of $800 million in PV projects and that since 2021 the government has signed contracts for 620 MW of solar PV projects. This, he said, is more than double the number of solar projects signed in more than a decade.
Brazil awards 948 MW in A-4 energy auction: Brazil's A-4 new energy auction concluded recently selected 948 MW of hydroelectric, solar, wind and biomass project capacity. While the largest capacity was won by biomass projects with 409 MW, followed by hydropower plants with 189.75 MW, wind energy with 183.09 MW, and solar PV with 166.06 MW. The 5 solar power projects selected are located in Pernambuco. For solar the average winning bid was BRL 178.24 per MWh. The country's Electric Energy Commercialization Chamber (CCEE) and National Electric Energy Agency (Aneel) said these projects will supply power to the grid between 2026 and 2045 which will be supplied to homes along with small and medium enterprises (SME). The agencies said the contracts were signed at 9.36% lower than average price than the ceiling tariffs and will generate close to BRL 1 billion in savings.