The Brazilian government is considering the creation of a credit line for individuals with solar energy systems in the micro and mini generation segment, according to the minister of mines and energy Fernando Coelho Filho.
Brazilian minister of mines and energy Fernando Coelho Filho has touted the potential of Brazil to become one of the largest global solar markets through the distributed generation segment.
Chinese solar firm Canadian Solar and OEM giant Flextronics are working together on an US$80 million module manufacturing facility in Sao Paulo, according to the Brazilian Solar PV Association, Absolar.
Brazilian public bank Banco do Nordeste (Northeast Bank) has created a credit line to allow companies to install solar Pv and other renewable sources of energy in the mini (75kW-5MW) and micro-generation (>100KW) segment.
Brazil's Metropolitan Company of Waters and Energy (EMAE) has expressed interest in selecting partners to foray into various renewable energy initiatives including solar PV.
NEXTracker has received certification for compliance with Brazilian domestic content rules for its manufacturing operations, opening access to favourable credit lines for the company.
Brazil’s newly-appointed minister of mines and energy Fernando Coelho Filho has told members of the electricity industry that renewable energy will be one of his focus areas in the coming weeks and months.
