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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.

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Print August 9, 2012, 12:48 (CEST)
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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.

 

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