Thanks to co-operatives, social startups and small businesses, solar energy may finally become a reality in Brazil. The country has long been considered a high potential location for solar energy considering its solar radiance levels.
A 10-year energy plan estimates that solar panels installed in some of Brazil's poorest areas, known as favelas, could produce up to 7GW of energy. Currently, more than half of the country's energy comes from hydro power.
Besides the potential for solar energy based on environmental factors, this type of energy could reduce the costs of energy for citizens and businesses suffering from an economic crisis. The price of electric energy for consumers rose around 50% in 2015, while in the last quarter of 2015 prices rose 43.9% for businesses in comparison to the same time period the year before.
Read more at The Guardian Solar Energy Projects in Brazil
Find out more about Bras Research's Solar Energy in Brazi 2015 at Bras Research
Brazil Business News is a blog about business in South America's largest economy. This blog offers opinion pieces about doing business as well as touches on the top trends and issues in business across a wide range of industries and areas, such as industry, agriculture, automotive, technology, energy and more.
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