Brazil sets price caps for June 25 auctions

May 19 (Renewables Now) – Brazil’s power sector regulator Aneel approved on Tuesday the price ceilings for the power generation auctions scheduled for June 25, 2021.
Dubbed A-3 and A-4, the tenders will contract power from wind, solar, hydro and biomass-based thermal plants. The highest maximum bidding price is set at BRL 292 (USD 55.5/EUR 45.4) per MWh.
By Lucas Morais via Renewables Now