Thursday, June 30 2022 Sign In   |    Register
 

News Quick Search


 

News


Front Page
Power News
Today's News
Yesterday's News
Week of Jun 27
Week of Jun 20
Week of Jun 13
Week of Jun 06
Week of May 30
By Topic
By News Partner
Gas News
News Customization
Feedback

 

Pro Plus(+)


Add on products to your professional subscription.
  • Energy Archive News
  •  



    Home > News > Power News > News Article

    Share by Email E-mail Printer Friendly Print

    Brazil's BDMG, Absolar offer financing for Minas Gerais solar sector


    May 9, 2022 - SeeNews Renewables

     

      Brazil's Minas Gerais Development Bank (BDMG) announced last week that it is partnering up with domestic solar power association Absolar to offer around BRL 405 million (USD 82m/EUR 77.6m) to finance the solar sector in the state of Minas Gerais.

      The entities said that the new financing will help residential, commercial and agribusiness consumers gain more access to solar energy, which will in turn stimulate the development of new business opportunities, increase income of the local population and create more jobs in the state.

      Absolar highlighted the impact that the self-consumption solar had on Minas Gerais, saying that own generation has attracted more than BRL 8.8 billion in new investments, created over 50,600 jobs and brought BRL 1.8 billion to public coffers since 2021.

      Minas Gerais has about 1.7 GW of small and medium-sized solar power systems in operation across homes, businesses, industrial and rural properties and public building. According to BDMG and Absolar, these systems account for 16.8% of Brazil's self-generation solar capacity.

      (BRL 1.0 = USD 0.202/EUR 0.192)

    TOP

    Other Articles - International


    TOP

       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2022 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.