|Policy status:||In Force|
|Date Effective:||2013 (May)|
|Policy Type:||Regulatory Instruments, Economic Instruments>Fiscal/financial incentives>Feed-in tariffs/premiums|
|Renewable Energy Policy Targets:||Solar|
|Size of Plant Targeted:||Small and Large|
|Agency:||Ministry of Industry, Energy and Mining; National electricity utility (UTE)|
|Legal References:||Executive Branch Decree N.133/013; Executive Branch Decree N.420/013|
|Renewable Energy Description:|
The Decree stipulates the terms of the Power Purchase Agreement (PPA) between the National Electricity Utility (UTE) and electricity generators who produce solar photovoltaic energy.
It established a 206MW auction for solar PV plants ranging between 500kW and 50MW each. The decree sets three tranches according to plant size: (1): 500kW-1MW; (2) 1-5MW; and (3) 5-50MW, with a maximum total capacity to be installed per tranche of 1MW, 5MW and 200MW respectively.
For tranches 1 and 2, the decree sets a competitive auction to award 25-year PPAs. Tranche 2 PPAs will be awarded only if the price is at least 20% lower than tranche 1. For tranche 3, 20-30 year PPAs are awarded in USD with a linearly decreasing tariff from USD 91.5/MWh if operative by December 2014, to USD 86.6/MWh if operative by December 2015 (as amended by Decree 420-013).
Other requirement under the Decree are as follows:
In late 2014 there were 194MW of signed PPAs under the Decree.
The Decree 420-13 changed the cutoff dates for the third tranche. For tariff of USD 91.5/MWh the date was changed from 1/6/2014 to 31/12/2014, and tariff of USD 86.6/MWh from 1/6/2015 to 31/12/2015.
|Related policies:||Solar Photovoltaic Methodology , Solar Photovoltaic Dispatch|
Last modified: Thu, 21 Apr 2016 12:47:42 CEST