Thursday, September 30, 2010

Brazil to Invest $5.5 Billion in Renewable Energy Sources by 2013 | Tomorrow is greener

Brazil to Invest $5.5 Billion in Renewable Energy Sources by 2013 | Tomorrow is greener

The Brazilian government earlier this month held a wind, hydroelectric and biomass auction that is expected to prompt US$ 5.52 billion in investments in renewable energies in Brazil. The resulting investments are expected to come primarily from private enterprise.

The auction, which contracted power from 89 wind farms, small hydroelectric plants and biomass plants, will add an installed capacity of 2,892.2 MW to the national energy matrix.

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