Reflecting solar's increasingly competitive pricing in Brazil, solar PV accounted for approximately 80% of total contracted capacity (806.6 MW). The final average price for solar was 118 BRL (US$35.2)/MWh, according to a report in PV Magazine.
The remaining capacity was allocated to wind (114.4 MW), biomass (61.8 MW), and small hydro projects (41.6 MW).
The April 2018 auction was the fifth national auction in Brazil that included solar PV. In the previous four auctions held between 2014 and 2017, a total of approximately 3.5 GW of large-scale PV capacity was allocated.
Also in April, Brazil's Ministry of Mines and Energy announced plans to hold a new energy auction on August 31, 2018 to contract power from wind, hydro, and thermal plants (biomass, natural gas and coal). The government will award power purchase agreements (PPA) with a term of 30 years for hydro, 20 years for wind, and 25 years for the other sources, according to a report in Renewables Now.