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.

Derick Lila
Derick is a Clark University graduate—and Fulbright alumni with a Master's Degree in Environmental Science, and Policy. He has over a decade of solar industry research, marketing, and content strategy experience.

ACWA Power commissioning 50-MW CSP plant in S Africa

Previous article

Why More Solar Companies Are Thinking Seriously About Asset Management

Next article

You may also like


Comments are closed.

More in News