Brazil Said to Deny Extensions on First Solar Farms Amid Slump
- Projects that won contracts in 2014 have October 2017 deadline
- Weak economy hindering financing for solar developers
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Brazil has rejected requests from developers seeking more time to complete the country’s first large-scale solar farms, according to two people involved in the matter.
The country’s energy regulator Aneel sent a statement Monday to a group of solar developers that have committed to completing solar farms by 2017, denying their request for extensions of as long as two years, according to the people, who asked not to be identified because the matter isn’t public. Aneel didn’t reply to requests for comment Thursday.