Brazil Gets Applications for $6 Billion in Clean-Energy Funding

  • Português
  • English
  • Posted on May 9, 2013

    Brazil received applications from 373 companies and organizations seeking 12.3 billion reais ($6.13 billion) in funding to research renewable power and energy efficiency through a government program.


    The state development bank said that’s about four times the 3 billion-real budget of the Inova Energia program to spur the development of smart-grid systems, electric vehicles, renewable power and other technologies.


    The development lender Banco Nacional de Desenvolvimento Economico e Social, state innovation agency Financiadora de Estudos e Projetos and power regulator Agencia Nacional de Energia Eletrica will channel 3 billion reais to the program, according to yesterday’s statement.


    To contact the reporter on this story: Stephan Nielsen in Sao Paulo at


    To contact the editor responsible for this story: Reed Landberg at


    More News: Environment


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