Rousseff Solar Push Thwarted By BNDES Loan Ban: Corporate Brazil
BLOOMBERG - Brazil’s bid to spur solar-energy projects is failing as a ban on state subsidies for foreign-made panel parts hinders sales by the world’s biggest producers.
Buyers of equipment made by Yingli Green Energy Holding Co. (YGE), Suntech Power Holdings Co. (STP) and Trina Solar Ltd. (TSL) -- three of the world’s four largest panel makers -- aren’t eligible for loans at below-market rates from state bank BNDES. That leaves Campinas, Brazil-based Tecnometal Equipamentos Ltda. as the only maker of subsidized panels that turn sunlight into electricity.