This pretty much means the continuation of current policies for renewables based on competitive tenders – with attractive prices for developers – and long-term PPAs, financing from the National Development Bank (BNDES), local content policies, incentives through wire-fee discounts for all renewable, and especially the pursuit of innovation via R&D in areas such as floating PV and CSP.
Although Braga has overseen the consolidation of the Brazilian renewable energy policies and brought the country back from the brink of a power crisis caused by drought-depleted hydro reservoirs, his ministerial post was the result of a coalition between the ruling Workers' Party (PT) and his Brazilian Democratic Movement Party (PMDB).
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