Chile ranked 12th, the only other Latin American country in a leading position in RECAI which appraises 40 countries and is revised every quarter.
EY cited Brazil's recent decision to promote solar power in the reserve auction later this year for a special financing line, with local content requirements, announced by the National Development Bank (BNDES). More than 10GW of solar PV projects were listed for the auctions this year.
The
