August 27 (Solar) – The Brazilian state of Goias has recently hit 10 MW of installed solar power capacity, jumping from 17th to the 9th position in the national rank.
The growth came after the state launched its solar power incentives programme back in 2017, the local government said on Friday. Named Goias Solar, the initiative created the FCO SOL credit line, among other perks for renewable energy projects.
According to the head of Brazilian Photovoltaic Solar Energy Association (Absolar), Rodrigo Lopes Assuaia, new financing lines are being structured by the national development bank BNDES for the solar sector in the country's Midwest region. Assuaia added that funding will be offered not only to the legal entities, but also to individuals.
Brazil's solar power capacity hit 1,602 MW in June 2018, a 577% year-on-year increase, according data from the Monthly Monitoring Electric System Bulletin.