•  
  •  
  •  

Confaz okays DG renewables tax exemption in Santa Catarina

Rooftop solar. Author: Michael Coghlan. License: Creative Commons, Attribution-ShareAlike 2.0 Generic.

May 17 (Renewables Now) - Brazil's Santa Catarina state tax exemption of micro and mini renewable generation systems was approved by the National Council of Finance Policy (Confaz).

The measure concerns power generation from clean sources, including solar, hydro, wind and biomass. To receive the exemption from the ICMS tax for goods and services, distributed generation (DG) systems should not exceed 1 MW of installed capacity, the local government announced on Wednesday.

With this move the government aims to encourage the search for cleaner and cheaper energy sources, fundamental for the economic development of the State, State Finance Secretary (SEF) Paulo Eli said.

The next step is to pass the bill for approval at the Legislative Assembly of Santa Catarina (Alesc).

The local government also said it intends to create more jobs in the region as for each installed megawatt there will be approximately 30 direct jobs throughout the entire production chain, according to data from the Santa Catarina Association of Power Producers (Apesc).

More stories to explore
Share this story
Tags
About the author
Browse all articles from Lucas Morais

Lucas is based in Brazil. He joined Renewables Now to expand coverage of the Ibero-American market, a highly attractive destination for green energy investment.

More articles by the author
5 / 5 free articles left this month
Get 5 more for free Sign up for Basic subscription
Get full access Sign up for Premium subscription