Brazil gives go-ahead to 31 solar parks in push for new energy

#Energy

Brazil finally entered the solar power sector on Friday, granting contracts for the construction of 31 solar parks as it tries to diversify its sources of generation amid an energy crisis caused by the worst drought in eight decades. Brazil's energy regulator, Aneel, concluded its first exclusive solar power auction on Friday, clinching 20-year energy supply contracts with companies that will invest 4.14 billion reais and start to feed the national grid in 2017.

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