Brazil Laying Foundation for New Solar Market

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1332-brazil-laying-foundation-for-new-solar-market.jpg Rumors of massive solar plant auctions in Brazil set for 2013 raced through U.S. renewable energy headlines last week to no avail. Brazil's federal government quashed the rumor that it might auction off multiple solar plant construction concessions, saying instead, that installed solar kilowatt costs in the country are still too high — by three to four times — to compete with other renewable energy sources. Government officials did express hope, however, that as solar material costs continue to decline, the government could begin solar auctions in a few years' time.

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