The Brazilian government decided to include several solar energy equipment’s in a list of capital goods whose import taxes are zero-rated until the end of 2021, according to publications in the Official State Gazette. Import taxes for solar modules are usually 12%, while inverters pay tariffs of 14%.
2W Energia is another company with plans to make an initial stock offering (IPO) at B3. The company has filed an offer request with the Brazilian Securities and Exchange Commission (CVM) for a primary issuance of shares. One of the objectives with the funds to be raised, according to the prospectus, is to invest in wind energy projects. The IPO should be in the amount of R$ 1.5 billion ($ 288 mm).
The board of directors of the New Development Bank (NDB), the Bank of Brics, approved a $1 billion (R$ 5.3 billion) loan to Brazil. The amount will be used to pay the Federal Government’s emergency assistance to about 5 million people. With the new financing, the Brazilian portfolio of projects approved by NDB in the country now reaches $ 2.55 bn.
A photovoltaic solar power plant is in the final stages of construction. The project aims to serve hospitals in the capital and interior of the state of Mato Grosso do Sul and the enterprise will have 16,290 solar plates. With 5.7 MW of power, the plant will have the capacity to produce enough energy to supply around 7,000 popular homes.
Brazil’s electric power demand registered a drop of more than 3% in June compared to the same period last year, said the National Electric System Operator (ONS). According to ONS’s, the 61,602 average megawatt load registered by the National Interconnected System in June represents a drop of 3.4% in the annual comparison, but an increase of 2.5% in the following month.