Brazil’s development bank BNDES and the Inter-American Development Bank (IDB) have approved a US$750 million conditional credit facility for the Brazil’s Sustainable Energy Financing Program.
The last minute decision to drop Brazil’s only solar and wind auction for 2016 has been “received with perplexity” by the Brazilian PV sector, according to the head of the country’s solar association.
Brazil has cancelled its only reserve energy auction for wind and solar in 2016, due to an expected power oversupply in the country, according to a Reuters report.
France, Brazil, India and several other countries have signed a framework agreement as part of the International Solar Alliance (ISA) at the COP22 conference in Marrakech, according to Indian energy and mines minister Piyush Goyal.
Phoenix Solar and Asunim Turkey bring the country's largest solar plant online, SECI opens a tender for small-scale rooftop solar, Brazil regulators investigate the value of distributed generation and I&M brings its fourth solar plant this year online.
Brazil's energy regulator ANEEL has finalised details of the 2nd Reserve Energy Auction to be held on 16 December this year, with the initial price for solar set at BRL320/MWh (US$94.36).
The Latin America region had installed 1.8GW of solar PV by the end of the third quarter this year, already up 400MW from 1.4GW in 2015, according to GTM Research’s Latin America PV Playbook for Q3 2016.
