May 16 (Renewables Now) - Brazil's House of Representatives launched the Mixed Parliamentary Front for Clean and Sustainable Energy to work on legislation concerning the sector.
According to the front's coordinator, Deputy Lafayette de Andrada, having the right legislation in place will unlock investments in generation, production and distribution of the country's top energy sources, in addition to reducing uncertanty for investors.
Sandro Yamamoto, technical director of the National Wind Power Association (ABEEólica), said investors are willing to pour BRL 15 billion (USD 3.75bn/EUR 3.35bn) in the clean energy sector.
Brazil's wind power potential is equivalent to three times its current energy consumption, while the potential for the production of photovoltaic (PV) energy is infinite, stated the deputy.
(BRL 1 = USD 0.25/EUR 0.22)