Business

Brazil is starting to exploit its huge solar energy potential

New investments in solar plants in Minas Gerais and Ceará show the way in expanding the country’s capacity in renewables

Workers set up solar power plant in Brazil. Photo: Michel Luiz de Freitas/Shutterstock
Workers set up solar power plant in Brazil. Photo: Michel Luiz de Freitas/Shutterstock

Janaúba, a city of just over 72,000 people, lies in the poor, northern part of the state of Minas Gerais. Poverty has always been part of life in a land historically burdened by drought. But the region’s unceasing heat and its lack of rain could now bring wealth instead of misery.

Janaúba now hosts a construction site that will produce the largest solar energy complex in Latin America. The project is being carried out by Elera Renováveis, the energy arm of Canadian asset management firm Brookfield, which has secured a BRL 1.47 billion (USD 290 million) financing tender...

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