STATE Grid Corp of china was the biggest winner at Brazil's auction for BRL$21.7 billion (US$4.4 billion) in transmission lines, which will help connect renewable-power projects to major population centres, reports Caixin.
The Chinese utility took the biggest project, and other winners include Celeo Redes Transmissao de Energia and Olympus XVI, a consortium backed by Alupar Investimento and Mercury Investments Participacoes.
It was Brazil's largest auction yet for power lines and followed a similar one in June, where BRL15.7 billion in contracts were awarded.
'Brazil is consolidating as a protagonist in the global energy transition,' Mines and Energy Minister Alexandre Silveira said at the event. 'Brazil wants to use this energy to reindustrialise the country.'
The shift to a low-carbon economy will require the world to expand and upgrade transmission lines so they can handle intermittent renewable power.
SeaNews Turkey
The Chinese utility took the biggest project, and other winners include Celeo Redes Transmissao de Energia and Olympus XVI, a consortium backed by Alupar Investimento and Mercury Investments Participacoes.
It was Brazil's largest auction yet for power lines and followed a similar one in June, where BRL15.7 billion in contracts were awarded.
'Brazil is consolidating as a protagonist in the global energy transition,' Mines and Energy Minister Alexandre Silveira said at the event. 'Brazil wants to use this energy to reindustrialise the country.'
The shift to a low-carbon economy will require the world to expand and upgrade transmission lines so they can handle intermittent renewable power.
SeaNews Turkey
