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EDPR, Voltalia secure wind contracts in Brazilian energy auction

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EDPR, Voltalia secure wind contracts in Brazilian energy auction

EDP Renováveis Brazilian subsidiary EDP Renováveis Brasil S.A. won 20-year power purchase agreements in a recent Brazilian renewable energy auction for power produced by two wind farms yet to be constructed.

EDPR won the two long-term PPAs for the 176-MW Jerusalem and 253-MW Monte Verde projects with tariffs of 94 Brazilian reais/MWh and 87 reais/MWh. Commercial operation for both projects, located in Rio Grande do Norte, is scheduled for early 2024.

With the new contracts, EDPR said it now has about 800 MW of wind energy under construction or in early development stages in Brazil, expected to start operations in 2018, 2023 and 2024, according to a Sept. 3 news release.

French renewable power producer Voltalia SA also touted its results in the auction, securing a sales contract for the 60-MW Ventos da Serra do Mel 2 wind farm.

The company said the project, also located in Rio grande do Norte, will be operational in the second half of 2020. Voltalia plans to sell output of the project on the open market when it comes online in 2020 until when the sales contract begins in 2024.

As of Sept. 4, US$1 was equivalent to 4.15 Brazilian reais.