Brazil posts new world record low price for solar power

A new world record low price for solar power generation has been achieved in Brazil, where the government’s latest renewables auction saw contracts for six solar PV projects awarded at an average of just 1.65 cents per kilowatt hour.

Brazil’s regulator Agencia Nacional de Energía Eléctrica (ANEEL) announced the latest auction results on Friday, confirming a total of 401.6MW of electricity capacity has been contracted across 15 projects with supply slated to start in January 2023. The successful bids include five hydroelectric plants, one biomass thermal facility, and three wind farms.


By Michael Holder via BusinessGreen


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