Brazil’s Cemig buys 431 MW of wind and solar in own auction

Brazil’s Cemig buys 431 MW of wind and solar in own auction

October 23, 2018 0 By NewsTakers

Selected wind and power plants will supply electricity to the Brazilian utility under a 20-year PPA, starting from 2022.
June 8, 2018 Emiliano Bellini
Cemig Headquarters in Belo Horizonte, Minas Gerais, Brasil.
Image: Wikimedia Commons/Andrevruas
In a filing to the Securities and Exchange Commission of Brazil(CVM), the company said its Cemig Geração e Transmissão S.A. unit has contracted 431.4 MW of wind and solar power.
Cemig stressed the auction’s winning wind and power plants have a combined capacity of around 1.2 GW, without providing more details.
CEMIG will in turn sell the power from the contracted wind and solar energy facilities to the Brazilian deregulated national electricity market – the mercado livre de eletricidade.
In this market, the power providers negotiate conditions of electricity sale between themselves, or directly with big energy consumers.
Local media had previously reported the auction was aimed at providing the Brazilian company with the power generation capacity it recently lost, due to the concessions of four hydropower plants – in São Simão (1.7 GW), Miranda (404 MW), Jaguara (424 MW) and Volta Grande (380 MW) – previously run by CEMIG, to big players including Italy’s power utility, Enel; French energy company, Engie; and China’s State Power Investment Corporation.
Emiliano Bellini Emiliano joined pv magazine in March 2017.

At the end of June 2018, according to official statistics, large-scale solar capacity reached 1,307 MW, while the share of distributed PV generation (up to 5 MW), was 296 MW. Of the total capacity, 1.36 GW was connected to the grid in the last 12 months.

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