Brazil's Ceara launches USD3m energy finance programme

Rooftop solar array. Featured Image: Ralf Gosch/Shutterstock.com

January 16 (SeeNews) - Camilo Santana, governor for Brazil's Ceara state, has sanctioned a law that creates a BRL-10-million (USD 3.1m/EUR 2.9m) energy efficiency and distributed generation programme.

The Energy Efficiency and Distributed Generation Incentive Fund (FIEE) aims to boost the expansion of the clean energy sector by encouraging the development and financing of energy efficiency and micro and mini generation projects, the government said.

A Management Council has also been established to analyse application, select the projects that will receive financial support, and to set guidelines for the use of the money.

The Council will send a semiannual report to Ceara's Legislative Assembly on all the projects under by FIEE, which in turn will be financially managed by the State Secretariat of Infrastructure (Seinfra).

(BRL 1 = USD 0.311/EUR 0.293)

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