2014 Brazil Solar & wind power will be 42.98 billion investment

According to foreign mediareports, due to the rapid expansion of solar & wind power in Brazil to continue thisyear, renewable energy developers will invest $ 7 billion (approximatelyRMB429.8 billion) in the field of solar & wind power in Brazil.

According to the Brazilian solar &  WindEnergy Association Abeeólica said that wind power must overcome fears of supplychain issues, to ensure the successful implementation of new projects.

"Supply chain issues is anemerging challenge, but we must quickly overcome." President of theBrazilian Wind Energy Association Elbia Melo said, "Last year, we sold 4.7GW of solar &  wind power, which means that we have to manufacture equipment.Development of the production chain may is the most important aspect of ourneed. "

Earlier, the Brazilian federalenergy planning company EPE said to 2024 the share of wind power to thenational grid from the current 4% to 11%.

According to government data, atpresent, wind power installed capacity more than 5 GW, 130 GW of installedcapacity in Brazil is expected.

Inject more investment this yearwill further promote the development of wind power in Brazil.