SOWITEC group, one of the leading developers of renewable energy projects in the wind and solar sector, has sold three wind projects in Brazil with a total capacity of 770 MW to a major European energy supplier. Two projects with a capacity of 620 MW are located in the state of Bahia, the third project with 150 MW in Pernambuco. With this the successful year 2019 for SOWITEC in Brazil continues, following the sale of a 200 MWac photovoltaic project in January and the closing of contracts for 2,793 MW with major international investors.

“The sale of these three large wind farms to a leading global utility company once again proves the outstanding quality of SOWITEC projects. The energy market in Brazil is facing fundamental changes from which competitive renewable energies will benefit and which will allow SOWITEC to grow significantly in the market." says Thomas Schulthess, Managing Director of SOWITEC do Brasil.

SOWITEC group, one of the leading developers of renewable energy projects in the wind and solar sector, has sold through his subsidy SOWITEC do Brazil a 200 MWac photovoltaic project in the state of Pernambuco to a major European power utility. Through this sale, the second major solar project is successfully sold within the past nine months, after a 400 MW project had already been sold to the same investor in May 2018. Both projects are part of a solar cluster with a total capacity of up to 1,000 MW.

With the experience gained from the development of almost 1000 MW of wind farms in operation, SOWITEC is already established as one of the most important project developers on the Brazilian wind market and is now well on its way to positioning itself as a leading solar developer.

„After two difficult years due to the political and economic crisis in Brazil, we are pleased to have successfully completed this sale. Further project sales have already been initiated and we are confident that we will be able to announce the next successful deals in the first half of 2019"; says Matthias Pfister, Managing Director of SOWITEC do Brasil.

ANEEL / MME publishes an ordinance that expands the free energy market. The new standard will reduce the consumers' load limits for contracting the electric power in the ACL. The current limit of 3,000 MW will be reduced to 2,500 MW from July 2019 and to 2,000 MW by January 2020.

2019 auction calendar - EPE expects a series of auctions for 2019. For the beginning of the year, it is foreseen to have a generation supply auction for the state of Roraima, a reserve power auction and an A-4 auction. A A-6 auction as well as a A-1 and a A-2 auctions for existing energy are planned to take place in the second half of the year. For the energy transmission the schedule points to a transmission line auction in the first half and an additional in the second half of 2019.

1060,5MW of SOWITEC's solar and 642,5MW of wind projects have been approved by EPE to participate the energy auction A-4/2017

A-6/2017 auction took place with the following results: 2730MW contracted in total with 1386 MW of wind, 2138 MW of natural gas stations, 166 MW of biogas stations and 139 MW of SHP.

The average price of wind energy was R$ 95.58 / MW with average discharge of 64.3%. SOWITEC DO BRASIL achieved the commercialization of the project ZEUS SP02 of 30MW (15 Turbines of 2 MW).