Brazil state Minas Gerais to provide US$324 million funding for PV

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The government of Brazilian State Minas Gerais has announced a plan to support the development of solar energy in the region with funding worth BRL1 billion (US$324 million).

The first state auction to select companies to produce energy for 120,000 households will be held in August this year.

The solar energy parks are expected to be in operation by 2017.

The Government is also creating measures to ensure the factories producing PV modules are installed in Minas Gerais.

Secretary of state Altamir Roso said Minas Gerais has one of the highest potentials for generating solar energy in Brazil, with conditions similar to those of the Northeastern States.

The most favorable regions in the state are North, Northwest and Mineiro Triangle because of the amount and intensity of sunlight, among other factors.

In related news the government of Brazilian state Piaui announced plans to support solar energy companies hoping to develop projects in the state.

Secretary of mining, oil and renewable energy, Luís Coelho said it was important to encourage businesses that offer sustainable energy production. Last week, he also met with representatives of Brazilian PV company Energia Nova, which intends to build PV developments in Piaui.

Coelho also said that two more unnamed international investors have intentions to develop PV projects in the region.

He added: “The company we are receiving today has an international name, with work already carried out in Brazil. It has interest in Piaui due to the solar power of our state. It is an innovative company. Our job is to open the doors to these companies, to be sustainable and ensure job creation.”

The government also suggested that another measure that could stimulate the solar sector would be an ICMS tax exemption for the energy produced by solar modules.

Last week PV Tech reported that three Brazilian states Goias, Pernambuco and Sao Paulo had been authorised to grant a VAT tax exemption on all distributed generation using the net-metering system in their regions, from 1 September 2015.

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