Solar power project in Brazil favelas hopes to shine in G20 spotlight

By Pilar Olivares and Fabio Teixeira

RIO DE JANEIRO (Reuters) – For residents of Morro da Babilonia, one of Rio de Janeiro’s underdeveloped ‘favela’ neighborhoods, geopolitics rarely enters daily conversation, but as the city readies to host leaders from the Group of 20 major economies on Monday, locals hope a project of theirs will find its place in the sun.

Within walking distance of Rio’s famous Copacabana beach, Babilonia has been slowly expanding its use of solar power since 2015, with local non-profit Revolusolar installing panels to power some 50 families’ homes in a community of less than 4,000.

Next (LON:NXT) year, the non-profit hopes to expand to 100 families at a cost of 1.5 million reais ($260,000).

Revolusolar has been participating in the G20 Social, a side event created by Brazil’s President Luiz Inacio Lula da Silva for non-government groups to take part in the global forum. Lula is set to join the G20 Social’s closing ceremony on Saturday alongside first lady Janja Lula da Silva.

“We managed to deliver one of our documents to her,” said Adriano Hazad, a Babilonia local and Revolusolar employee, who took the event as a chance to discuss plans with Rio state officials.

The non-profit, that also provides solar power to eight other communities across Brazil, including an Indigenous community in the Amazon (NASDAQ:AMZN) rainforest, hope the visibility will bring funding and government support for sustainable energy in favelas.

“When we are a showcase for the world, I believe it’s the time to stand out and make our project grow,” said Hazad.

($1 = 5.7947 reais)

This post is originally published on INVESTING.

  • Related Posts

    Exclusive-Warren Buffett’s Pilot Co shuts oil trading business, sources say

    By Shariq Khan and Georgina McCartney NEW YORK/HOUSTON (Reuters) – Warren Buffett’s Pilot Co is shuttering its international oil trading business, ending an excursion into the trillion-dollar global market to…

    US SEC unveils task force to start work on crypto regulations

    (Reuters) -The U.S. Securities and Exchange Commission’s new leadership said on Tuesday it had created a task force to develop a regulatory framework for crypto assets, in the first major…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Exclusive-Warren Buffett’s Pilot Co shuts oil trading business, sources say

    • January 21, 2025
    Exclusive-Warren Buffett’s Pilot Co shuts oil trading business, sources say

    US SEC unveils task force to start work on crypto regulations

    • January 21, 2025
    US SEC unveils task force to start work on crypto regulations

    Bitcoin gains as US SEC gives crypto its first policy win

    • January 21, 2025
    Bitcoin gains as US SEC gives crypto its first policy win

    Wells Fargo sets USD/MXN and USD/CAD forecasts amid tariff threats

    • January 21, 2025
    Wells Fargo sets USD/MXN and USD/CAD forecasts amid tariff threats

    Oil falls as Trump’s plan to boost US oil output takes shape

    • January 21, 2025
    Oil falls as Trump’s plan to boost US oil output takes shape

    Ports in Texas limit activity amid cold weather

    • January 21, 2025
    Ports in Texas limit activity amid cold weather