Brasil Solair Plans to Fund 10 Megawatts of Solar Installations

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Brasil Solair, the developer of Brazil’s second solar-panel factory, plans to fund the installation of 10 megawatts of its equipment this year because homeowners are reluctant to buy the technology.

The panels will be leased to owners of gas stations, hotels and other buildings and may pay for themselves in eight years, Nelson Silveira, Brasil Solair’s president, said today in a telephone interview.