Brazil Furnishes $1.2 Billion of Funds for Clean-Energy Research
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Brazil will provide 2.4 billion reais ($1.19 billion) of cheap loans and grants for renewable-energy research projects through 2016 as part of a government effort to spur investment in innovation.
Companies have until the end of July to submit proposals for projects that may include efficient power lines connecting remote hydroelectric dams in the Amazon or factories that make silicon for use in solar panels, said Ricardo Rivera, a manager at national development lender BNDES’s department for information technology and communication.