12 hours ago
Brazil's Green-Energy Industry Is Falling Victim to Its Own Success
In just a few months, Brazil will host the world's biggest climate summit. But as the country prepares to welcome thousands of dignitaries to debate plans to tackle global warming, its own wind and solar industries are flailing.
The casualties are piling up. 2W Ecobank SA, a wind energy producer, filed for bankruptcy protection in April. Rio Alto Energias Renovaveis SA, which constructs and operates solar energy projects, went to court to ask for temporary protection against creditors as it tries to restructure debt. Aeris, the biggest producer of blades for wind farms in Brazil, restructured its debt after more than 3,700 job cuts.
