Brazil Seeks to Boost Solar Industry to Match Wind, BNDES Says
- Country has more than 5 gigawatts of installed wind power
- Brazil development bank ` prioritizing' climate financing
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Brazil is seeking to expand its nascent solar industry, replicating the growth in wind energy that’s led to more than 5 gigawatts of installed capacity.
“We can repeat the wind-power success for solar,” Luciano Coutinho, president of Brazil’s development bank, said in an interview Wednesday in London. “We have created economies of scale in the wind industry and we want to do this for solar, repeat the process and develop a supply chain for solar power in Brazil.”