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Bahia will have a decree to stimulate the solar energy market

The measure aims to make the environment agile, safe and attractive to attract investors

The Government of Bahia announced last Thursday (28), through the Secretariat of Economic Development, that it intends to publish a decree that encourages the use of solar energy and the growth of the regional market.

According to the government of Bahia, the decree aims to regulate a State Law 13.914/2018 and establish the State Policy for Incentives for the Generation and Use of Photovoltaic Solar Energy in the State of Bahia.

The proposal will offer incentives to the development of technology, such as special credit lines, research funds, fiscal and financial incentives. Therefore, the measure aims to make the environment agile, safe and attractive to attract investors.

“In addition to attracting new investments to the region, generating more jobs and income, and stimulating the development of new business opportunities, the sector is optimistic that the decree will contribute to the democratization of solar energy among residential consumers, small businesses, rural producers, and public administrators in Bahia. Thus, the measure should play an important role in favor of the economic, social, and environmental development of the region,” said Rodrigo Sauaia, CEO of ABSOLAR (Brazilian Photovoltaic Solar Energy Association).

According to Ronaldo Koloszuk, Chairman of the Board of Directors of ABSOLAR, the state with this announcement strengthens the interest in democratize the use of a clean and economically viable source of energy for its consumers.

The announcement took place at ABSOLAR Meeting Nordeste, an event held in Salvador (BA) and organized by the association, which brought together experts and public authorities to debate the photovoltaic solar energy market.

Photovoltaic market in Bahia

Data from ANEEL (National Electric Energy Agency) point out that the capital of Bahia, Salvador, has 41,96 MW of installed solar energy capacity. And according to ABSOLAR, the city has already received about R$213,1 million in private investments.

“Photovoltaic technology on roofs and small plots of land generated more than 14,6 jobs and brought revenue of more than R$640,4 million to the public coffers”, added Sauaia.

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