Brazil is taking steps to promote new renewable-energy projects as the government seeks to reassure the industry that political turmoil won’t threaten current power policies.
The country will organize at least one power auction for clean-energy projects this year, according to Eduardo Azevedo, secretary of energy planning and development at the Ministry of Mines and Energy. A second auction is also being considered that would be open to all energy sources.
The move reflects growing interest in clean energy as the country seeks to meet its commitments under the global Paris climate agreement signed in 2015. The plans also show that Brazil is seeking to move forward with its energy plans and assuage concerns that an expanding political crisis would crimp efforts to boost wind and solar energy.