The Brazilian government has approved 11 solar projects totaling 530 MW at an average final cost of $ 20.52 / MWh . The cost of the solar initiatives was the lowest of all the renewable technologies sought by the A-6 auction , followed by wind ( 210 MW at $ 24.05 / MWh ) , hydropower ( 445 MW at $ 38.21 / MWh ) , thermal power based on biomass ( 229 MW at $ 45.70 / MWh ) and thermal power based on gas ( 734 MW at $ 40 / MWh ) . The projects are scheduled to be operational by the start of 2018 . The bidding exercise resulted in contracts totalling 2.97 GW .
The Brazilian government has approved 11 solar projects totalling 530 MW at an average final price of $20.52/MWh. The price of the solar initiatives was the lowest of all the renewable technologies sought by the A-6 auction, followed by wind (1,040 MW at $24.05/MWh), hydropower (445 MW at $38.21/MWh), thermal power based on biomass (229 MW at $45.70/MWh) and thermal power based on gas (734 MW at $45.94/MWh). The projects are scheduled to be operational by the start of 2025. The procurement exercise resulted in contracts totalling 2.97 GW.