Brazil Auction Seen Driving $1 Billion Solar Investment

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Brazil’s first national energy auction with a specific category for power generated from sunlight may spur as much as $1 billion in investment in solar power.

Brazil’s Electric Energy Trading Board, known as CCEE, may buy as much as 2 gigawatts of renewable energy in the event today, and 500 megawatts must come from solar power, according to three analysts.