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GE starts production of solar power inverters in Brazil

General Electric Co has started producing solar power inverters at its plant in Betim, Brazil, looking to supply the country's nascent solar power industry and possibly export the equipment to countries in the region, a GE executive said on Thursday.

Despite the unfavorable business environment in Brazil, which is on track for its worst recession ever, GE's marketing director for the Latin America Power Conversion unit, Sérgio Zuquim, said the company was positive about prospects for solar power growth.

"That's inevitable, there is no turning back," Zuquim said in an interview. "There is political commitment, following international agreements, for investments on renewables," he said.

Inverters are a key component on solar power...