Brazil's Capacity Reserve Auction contracts 501.3 MW from oil and biodiesel thermal plants

Type: Development · Technology: Oil Gas · Country: Brazil · Announced: 2026-03-20

Brazil's second Capacity Reserve Auction (LRCap) for 2026 concluded on March 20, 2026, contracting 501.3 MW of available power from oil and biodiesel thermal power plants. Termoceará, a subsidiary of Petrobras, was identified as one of the winning bidders in this material energy tender. The contracted capacity is distributed across three products, with supply commencement dates scheduled for 2026, 2027, and 2030. The auction registered an average price of R$ 831,251.52 per unit of capacity, reflecting a 50% discount from the initial reference price. This auction aims to bolster the country's energy security and grid stability by securing essential reserve generation capacity for the national power system.

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