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Solar power firms seek delay to Brazil farms start up

Published 2016-04-08, 04:50 p/m
© Reuters.  Solar power firms seek delay to Brazil farms start up
CSIQ
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RNEW11
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SAO PAULO, April 8 (Reuters) - Six solar power companies,
including Canadian Solar Inc CSIQ.O and Renova Energia SA
RNEW11.SA , have asked the Brazilian government to delay
start-up dates for dozens of new solar farms, saying current
conditions make the projects financially unfeasible.
In their letter to the government seen by Reuters on Friday,
the companies said Brazil's currency slump and the lack of local
supplies make the projects unfeasible at present. The companies
account for almost 80 percent of all projects cleared for
construction during a licensing round in 2014, or around 690
megawatts of new capacity.

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