Brazil's Pernambuco state launches solar financing scheme

Brazil’s Pernambuco state launches solar financing scheme

SEENEWS Renewables | LUCAS MORAIS — The government of the Brazilian state of Pernambuco launched last Friday the PE Solar financing programme, with BRL 5 million (USD 1.6m/EUR 1.4m) to be made available in the first phase. The scheme is is aimed at encouraging the use of solar power for micro, small and medium enterprises willing to install up to 1 MW. It ensures up to 80% of the finds needed for the installation of photovoltaic (PV) panels, with money for the first stage coming from Banco do Nordeste. The Northeast Constitutional Fund for Financing (FNE) will also help finance […]

SEENEWS Renewables | LUCAS MORAIS —
The government of the Brazilian state of Pernambuco launched last Friday the PE Solar financing programme, with BRL 5 million (USD 1.6m/EUR 1.4m) to be made available in the first phase.

The scheme is is aimed at encouraging the use of solar power for micro, small and medium enterprises willing to install up to 1 MW.

It ensures up to 80% of the finds needed for the installation of photovoltaic (PV) panels, with money for the first stage coming from Banco do Nordeste. The Northeast Constitutional Fund for Financing (FNE) will also help finance the project.

Participants in the programme will have to consume the produced electricity, selling any surplus to the regional power distributor Celpe. The PV array owners will then receive credits valid for a period of 36 months.

The Secretary for Economic Development, Thiago Noroes, estimates that with the implementation of the PE Solar programme, there will be up to 150 new users of photovoltaic (PV) panels.