ABSOLAR says that R$ 97 billion in investment is at risk if ex-tariffs are revoked

Association filed two requests with CAMEX to maintain import tax exemption for photovoltaic modules
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08-11-23-canal-solar-ABSOLAR diz que R$ 97 bi em investimento estão em risco caso os ex-tarifários sejam revogados
Photo: Freepik

Concern about a possible revocation of the ex-tariffs continues in the solar sector. A ABSOLATE (Brazilian Photovoltaic Solar Energy Association) reported, this Wednesday (08), that it filed two requests with the CAMEX (Chamber of Foreign Commerce) – one addressed to the Federal Government and the other to Mercosul – to maintain the import tax exemption for bifacial and monofacial modules.

The ex-tariff regime basically consists of a mechanism for temporarily reducing the import tax rate for products not manufactured in the country. In recent years, a series of exemptions have been granted to solar energy equipment for the national market, but these would now be under threat.

In ABSOLAR's view, a change in ex-tariffs could cause a drop in investment in the sector, cancellation of projects already contracted and in progress, loss of jobs and income for workers, in addition to increasing the price of solar energy for the Brazilian population.

The association reported that at least 281 photovoltaic projects would be at risk, totaling more than 25 GW and R$ 97 billion in investments, if the ex-tariffs are revoked.

The proposal sent by the entity requests a rate of 0% for the acquisition of 11,428,571 monofacial modules, equivalent to 6.4 GW of installed power, on average, and 16,000,000 bifacial modules, equivalent to 9.6 GW of average installed power.

Last week, ABSOLAR met with Geraldo Alckmin, vice-president and minister of the MDIC (Ministry of Development, Industry, Commerce and Services), and his team, warning of the risks of losing investments and green jobs if former tariffs in use by the sector are immediately revoked.

“To overcome this challenge and eliminate these risks, ABSOLAR proposes the structuring of a well-designed and effective plan for photovoltaic modules, considering a minimum transition period of 24 months for the ex-tariffs effectively in use by the sector, mapped by the entity with the support of our associates. The objective is to avoid making projects already underway in the country unfeasible, ensuring the maintenance of legal security, predictability and tax stability for the sector”, said Rodrigo Sauaia, executive president of ABSOLAR.

“The meeting with Geraldo Alckmin and the MDIC team was positive and there is a commitment from the authorities to evaluate in detail the proposals brought by the association, to find a suitable solution for the solar sector and Brazilian society”, he added.

Sauaia said that the evolution of the solar energy market in Brazil should not be threatened, especially when the Federal Government establishes green economy development agendas.

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Wagner Freire
Wagner Freire is a journalist graduated from FMU. He worked as a reporter for Jornal da Energia, Canal Energia and Agência Estado. He has covered the electricity sector since 2011. He has experience in covering events, such as energy auctions, conventions, lectures, fairs, congresses and seminars.

One Response

  1. We do have to fight for millions of Brazilians who have a dignified job in the solar system, that all deputies and senators in this country defend their voters so that there is no taxation in the sun or by Snell or by politicians who want to harm the Brazilian people by charging absurd taxes for us .

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