Brazil is to usher in two new regulations this year to promote the generation of solar power in the country. The Brazilian National Electric Energy Agency will provide utilities with an 80% tax break for energy produced by large solar projects. For residential and commercial installations, the agency will introduce a net-metering system to feed electricity into the power grid.
At a press conference, Bloomberg reported that Toledo Camargo, Brazilian National Electric Energy Agency director of regulation for distribution services, said, “Brazil is supporting solar a lot. We’re clarifying the rules. The market will determine how much solar energy will be developed.
“Brazil has organized power auctions that made wind power cheaper than energy generated from fossil fuels and is the world’s second-largest ethanol producer. The country is now seeking to boost the use of solar energy.”
Currently, the country has one large-scale installation: a 1MW solar park in the Brazilian state of Ceará, hoping to expand with government aid.