Rafael Figueiredo and Larry Pascal for Renewable Energy World: New Developments in Brazil's Solar Power Sector

February 29, 2016

Brazil’s renewable energy landscape has changed significantly over the last decade. Although Brazil is mostly known for biofuels production and conventional hydroelectric power — hydroelectric power by itself accounts for over 70 percent of the country’s electricity generation — investment in the wind and solar sectors has been increasing rapidly since 2009.

With a solid track record of renewables development, Brazil is currently one of the fastest growing solar markets in the world, attracting the interest of a number of foreign investors, multilateral development banks, energy companies, and equipment manufacturers. In addition, Brazil’s market size positions the country, not only as a leader in the Latin America region, but also as a potential supply hub for neighboring countries.

Excerpted from Renewable Energy World. To read the full article, click here.

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