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Brazil Furnishes $1.2 Billion of Funds for Clean-Energy Research

Civics and World - General

Solar farm - Photo by Convergence Energy, WisconsinBrazil will provide 2.4 billion reais ($1.19 billion) of cheap loans and grants for renewable- energy research projects through 2016 as part of a government effort to spur investment in innovation.

The Inova Energia program is intended to create a culture of innovation in Brazil’s energy industry encouraging projects like efficient power lines connecting remote hydroelectric dams in the Amazon or factories that make silicon for use in solar panels.

(READ the story in Bloomberg Business Week)

Photo by Convergence Energy, Wisconsin

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