31 Oct '14, 3pm

Brazil Solar Power Auction May Spur $1 Billion in Investment

Brazil Solar Power Auction May Spur $1 Billion in Investment

Sao Paolo, Brazil -- Brazil’s first national energy auction with a specific category for power generated from sunlight may spur as much as $1 billion in investment in solar power. Brazil’s Electric Energy Trading Board, known as CCEE, may buy as much as 2 gigawatts of renewable energy in the event today, and 500 megawatts must come from solar power , according to three analysts. That would provide a boost for Brazil’s nascent solar industry, which supplies less than one percent of the country’s electricity. Sunlight in the region is almost twice as strong as Germany, according to the U.S. National Renewable Energy Laboratory. “The main objective of this auction is to start developing the solar market in Brazil” Thais Prandini, director at the energy consulting Thymos Energia, said in a telephone interview. “We must have solar-panel plants in the country and we are going to...

Full article: http://www.renewableenergyworld.com/rea/news/article/2014...

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