Brazil Development Bank to Allow Solar Imports Until 2020
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Brazil’s BNDES development bank will allow solar developers to import photovoltaic cells until 2020 as part of efforts to spur domestic solar manufacturing capacity.
From 2020, local content rules will require developers to use components produced in Brazil to qualify for its low-cost financing, Antonio Carlos Tovar, head of renewable energy development for BNDES, said in an interview in Rio de Janeiro July 29.