Brazil’s Minas Gerais-based power company, Compañía Energética de Minas Gerais S.A. (CEMIG), the fourth largest energy company in the country, has announced the results of its own auction for large-scale wind and solar power projects, which was launched in mid-May.

In a filing with the Securities and Exchange Commission of Brazil (CVM), the company said that its unit Cemig Geração e Transmissão S. A. has contracted 431.4 MW of wind and solar power in the auction. Cemig stressed that the auction’s winning wind and power plants have a combined capacity of around 1.2 GW, without providing more details.

Contracted power will be sold to Cemig under a 20-year PPA starting from January 2022.

CEMIG in turn will sell the power from the contracted wind and solar energy facilities to the Brazilian deregulated national electricity market (mercado livre de eletricidade). In this market, the power providers negotiate the conditions of the electricity sale between themselves, or directly with big energy consumers.

Local media previously reported that the auction is aimed at providing the Brazilian company with the power generation capacity it recently lost, due to the concessions of four hydropower plants in São Simão (1.7 GW), Miranda (404 MW), Jaguara (424 MW) and Volta Grande (380 MW), previously run by CEMIG, to big players including Italy’s power utility, Enel, French energy company, Engie, and China’s State Power Investment Corporation.

From: PV Magazine