The company plans to manufacture its multi-junction PV modules in the Southern Brazilian state, and is currently investigating locations.
A virtual net metering policy has been introduced and the project size cap has been increased to 5 MW. Under the new rules Brazil’s ANEEL expects 4.5 GW of renewable energy installations by 2024.
The contest will be resolved at the end of March 2016. Under the auction, clean energy certificates will be issued in addition to power and capacity contracts.
This rapid pace makes Honduras the second-largest solar market in Latin America in 2015. Plants commissioned since the first of the year include one larger than 100 MW and another 61 MW.
In addition to extending the exemption the 20 MW ceiling has been removed, allowing utility-scale projects to receive benefits.
The law includes an 8% target by 2017, a price cap for contracts, and an obligation for large energy users.
The rules for the nation’s fourth renewable energy auction call for contracting up to 415 GWh annually of solar power. Registration for developers will remain open until October 30.
The rules for the electricity market published on Tuesday establish longer PPAs for projects awarded in auctions. The first energy tender is expected this year. The electricity market starts to operate at the beginning of next year.
An exemption from the ICMS tax for net-metered solar PV systems began on September 1 in several Brazilian states. This tax has been a key barrier to the development of distributed renewable energy.
This will be by far the largest solar project in the island nation, which remains dependent upon imported oil and gas.
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