Local Content Rule Thwarts Solar Development in Brazil

Local Content Rule Thwarts Solar Development in Brazil | Renewable Energy News Article

renewableenergyworld.com 09 Aug '12, 1pm

Local Content Rule Thwarts Solar Development in Brazil

Buyers of equipment made by Yingli Green Energy Holding Co. , Suntech Power Holdings Co . and Trina Solar Ltd. — three of the world's four largest panel makers — aren't eligible for loans at below-market rates from state bank BNDES. That leaves Campinas, Brazil-based Tecnometal Equipamentos Ltda. as the only maker of subsidized panels that turn sunlight into electricity. President Dilma Rousseff last month said utilities will allow homeowners and businesses to install solar panels and trade electricity in the nation's power grid next year as part of Brazil's "bet on an economic-growth model based on clean, renewable energy." Her efforts to promote the technology are being undermined by the financing ban because domestic-made parts are too expensive to make projects viable, said Helcio Garcia Camarinha, chief executive officer of Braxenergy, a developer of solar projects “Y...

Full article: http://www.renewableenergyworld.com/rea/news/article/2012...

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@EcoManLeader » 09 Aug '12, 5pm
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@EcoManLeader » 09 Aug '12, 2pm
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@EcoManLeader » 09 Aug '12, 2pm
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Local Content Rule Thwarts Solar Development in Brazil [link]
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Local Content Rule Thwarts Solar Development in Brazil [link]
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Local Content Rule Thwarts Solar Development in Brazil [link]