regulatory and tariff moves afoot in Brazil

Brazilian Senate discusses proposal to introduce further tax breaks for PV

04.09.2013: The Brazilian Senate’s commission for infrastructure could approve this week legislation aimed at reducing the cost of purchasing PV modules in Brazil. Senate bill PLS 167/2013, sponsored by Senator Blairo Maggi, would reduce the tax rate imposed on PV modules and would promote the use of renewable energies in the heat production sector. Further details of the bill were not provided. Maggi, who is a member of the Brazilian Party of the Republic and the former governor of the state of Mato Grosso, claims that Brazil’s solar potential is being ignored by the government in the planning of the future energy system. The Brazilian Government has already introduced tax breaks to support the development of solar energy projects across the country. In March 2012, the government approved two tax breaks aimed at promoting the deployment of solar installations as large as 30 MW – the Discount Rate for Use of Distribution Systems (TUSD) and the Usage Transmission System Tariff (TUST). © PHOTON

 

 

Monty Bannerman

ArcStar Energy

646.402.5076

www.arcstarenergy.com