20 GW of solar energy proposals are pending in Brazil

Renewable energy auction draws flood of proposals for solar projects

Solar energy is gaining significant momentum in Brazil. The country is currently accepting bids for new renewable energy capacity and intends to award projects to developers in the near future. To date, Brazil has received 20.593 gigawatts of solar energy project proposals, coming from 649 different bids. Solar proposals have eclipsed wind energy proposals, with some 17 gigawatts of wind projects being proposed in the country, coming from 730 bids.

Some solar energy projects may be oversubscribed

While solar energy proposals have been growing quickly throughout the country, there is uncertainty concerning whether which projects will move forward and which will be left behind. The Brazilian Ministry for Mines and Energy is overseeing the auction of new energy projects and has not yet released information concerning which proposals have been oversubscribed. The official auction for new energy projects will be held in November of this year, so information concerning the progress of certain projects will not be revealed until later in the year.

Brazil seeks to expand its solar energy capacity through auctions

Last year, Brazil held its first national solar energy auction, where more than 1 gigawatt of solar projects were approved for development. The majority of these projects are still in varying stages of development and they may not begin generating electrical power for a significant amount of time. Currently, Brazil only possess approximately 15 megawatts of solar energy capacity, most of which comes from relatively small projects and energy developers.

Country continues to show strong favor for solar power

Solar energy is quickly gaining more support throughout many parts of the country. Brazil is working to become more environmentally friendly in order to mitigate the effects of climate change and this involves the adoption of renewable energy. Solar, in particular, is an attraction option for the Brazil, as the country receives a significant amount of solar radiation throughout the year. Solar technologies are also becoming less expensive, which makes this form of clean energy more attractive for the country.