The project in Bahia is the third over 100 MW to break ground in Brazil in the last six months. Investment in the project stands at around US$175 million.
After an evaluation of the first results, the volume of supply awarded to solar has been raised to 4,019 gigawatt-hours annually, which will be covered by 11 projects with an estimated potential of 1.7 GW-AC. The median price for PV generation came in at US$45 per megawatt-hour.
EGP, SunPower, Alten and Recurrent Energy were awarded PV projects in the first electricity auction following energy reform in Mexico. According to local press, the median price for solar was around US$40.50 per megawatt-hour.
The large majority of the nations solar PV capacity was put in service last year. Regulators have licensed 1 GW of projects.
Three projects are planned for different parts of the province of Rioja, in the northeast of Argentina.
In the last year, Mexico added more than 50 MW through its net metering policy, and cumulative installations have reached 114 MW. CRE estimates that in 2020 there will be more than 1.1 GW under this program, most of which will be PV installations.
The project in Minas Gerais is an initiative of Solatio and Canadian Solar. This is the second very large project to begin construction in the nation, and will utilize modules made in Brazil.
Another 2.2 GW-AC of PV projects are under construction. The interconnection with Argentina was re-activated recently and the nation plans to export electricity from PV plants.
Enel Green Power was awarded a 144 MW PV project at US$48.0/MWh and Enersur gained a 40 MW PV project at a price of $48.5/MWh.
The French Development Agency has awarded US$65.5 million in credit for the first 50 MW phase of the project in Bolivias Oruro Department.
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