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Brazil readies big push on solar energy but companies are wary

2014-08-11 22:21:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: Grappling with its worst energy crisis in more than a decade, Brazil is making its first big move to develop a local solar power industry that could help reduce its dependence on a battered hydro power system. In October, Brazil will hold an auction to negotiate energy to be produced exclusively by solar farms, the first ever of the kind in the South American country. Power companies have registered some 400 projects for the auction, but many remain wary of the outlook for solar power in Brazil...

Tags: big companies energy brazil

Category:Electronics and Electrical

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