Brazilian Biomass, Hydropower Developers Biggest Auction Winners
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Developers of power plants in Brazil that run on biomass and hydroelectricity won the biggest share of contracts to sell electricity to distributors in a government-organized auction.
Eight biomass developers agreed to build 647 megawatts of generation capacity, according to information on the CCEE electricity trading board website today. The projects, which must go into operation by 2018, will sell power at an average price of 133.57 reais ($56.60) a megawatt-hour, according to data compiled by Bloomberg New Energy Finance.