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Bill Approved By The Government Of Espírito Santo Should Generate Many Opportunities In The Brazilian Solar Energy Industry
The government of Espírito Santo announced last week the launch of the GERAR Program, which aims to triple investments in distributed generation of solar photovoltaic energy and expand incentives for renewable sources. The program has the support of the Brazilian Association of Solar Photovoltaic Energy (ABSOLAR) and demonstrates commitment to the goals set by the state to reduce its pollutant emissions, contributing to the fight against the climate crisis.
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Government Exempts Companies And Individuals From Renewable Energy Products
The bill from the government of Espírito Santo exempts units – whether individuals or legal entities – producing electricity from renewable sources, such as photovoltaic panels (solar energy), from paying ICMS. The measure is valid for microsystems (with production of 100 KW or less) or minisystems (between 100 KW and 1 MW).
Once approved, the legislation will return to the Executive for sanction and will take effect the day after the law is published. This bill was Espírito Santo’s option to validate its adherence to the Federal Government’s ICMS Agreement No. 16/2015, which authorizes states to promote the exemption.
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The capixaba adherence occurred on December 20, 2017, with the publication in the Official Gazette of ICMS Agreement No. 215/2017, and it took place two and a half years late, as it had been available since April 2015. Espírito Santo was the last in the Southeast region to adhere to the Agreement and the 24th federation unit to do so.
‘Better Late Than Never’
On its website, the Legislative Assembly highlighted the positions of some lawmakers who had been working for years in favor of state legislation to encourage the production of clean energy. It stated that even approving the project late is better than never having approved it.
