Analysts seeking reasons for the soaring economies of the BRIC nations ought to take note of their interest in renewable energy.
According to a new report by the International Energy Agency Brazil will add 32 gigawatts of renewable energy to its power grid within the next five years. The move will put Brazil tied for fourth place with Germany in renewable energy investment, exceeded only by China (270 gigawatts), the U.S. (56 gigawatts) and India (39 gigawatts).
Accordingly, BRIC nations India and Brazil occupy two of the top four places.
