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Brazil ready to enter International Solar Alliance

Solar panels. Author: Frédéric BISSON. License: Creative Commons, Attribution 2.0 Generic.

March 5 (Renewables Now) - The National Congress of Brazil is reviewing a plan for the country to join the International Solar Alliance (ISA), says the Association of Photovoltaic Solar Energy (Absolar).

Becoming a member of ISA will allow the country to benefit from multilateral programmes in the areas of financing, incentives policies, technology and research and development (R&D), among others, said Absolar's president Rodrigo Lopes Sauaia.

In January it was announced that Brazil has surpassed 1.1 GW of installed solar capacity, with large-scale facilities accounting for 935 MW. It has also started the process of joining the International Renewable Energy Agency (IRENA).

The ISA is an initiative launched during the COP21 UN Climate Conference in Paris in 2015. Its objective is to reduce the cost of solar energy, mobilise more than USD 1 trillion (EUR 812bn) in investments for massive solar projects by 2030 and support new technologies using the sun as a primary resource.

(USD 1 = EUR 0.81)

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Lucas is based in Brazil. He joined Renewables Now to expand coverage of the Ibero-American market, a highly attractive destination for green energy investment.

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