Brazil's $1.5bn for RE innovation

Brazilian agencies have joined forces to offer local enterprises a R$3bn ($1.5bn) funding programme to boost innovative solar and wind projects.

Brazil’s state development bank BNDES, research finance agency Finep and energy watchdog Aneel will together select a range of projects to be backed between 2014 and 2017.

The Inova programme aims to generate expertise and develop technologies in areas such as purified solar-grade silicon, wafers, cells, thin-film PV, inverters and PV systems equipment.

Wind suppliers will also be able to finance their innovations. The Brazilian government is keen to develop home-grown turbines as well as towers, blades and nacelles.

The initiative also covers smart grid, ultra-high voltage transmission and electric vehicle development projects

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