Brazil Inaugurates 662-MW Solar Complex

• Experience Brazil's renewable energy revolution! Witness the inauguration of the 662-MWp Helio Valgas solar complex in Minas Gerais state by Vice President Geraldo Alckmin: 1.2 million panels, 800,000 homes powered, BRL 2 billion investment, and 119 GWh generated since August.

Brazil's Vice President Geraldo Alckmin cut the ribbon at the inauguration of the Helio Valgas solar complex in Minas Gerais state. The 662-MWp solar photovoltaic (PV) plant covers an area of 1,497 hectares and is powered by 1.2 million panels. The project is estimated to have cost BRL 2 billion (USD 408.2m/EUR 381.8m) and has already generated 119 GWh of energy since August. Once fully operational, it will be able to meet the demand of 800,000 homes. It is part of the REIDI programme which grants tax incentives to renewable energy projects and the Padis scheme allowing for exemption from import, IPI and PIS-Cofins taxes.

What Tax Incentives Does the REIDI Programme Offer for the Helio Valgas Solar Complex?

• Reduction of the federal government's ICMS tax by up to 75%, depending on the project's size
• Tax exemption on the import of goods and services, including the installation of plants
• Tax exemption on the purchase of inputs used in the production of energy
• Tax exemption on the sale of electricity produced by the plants
• Tax exemption on the purchase of electrical energy for the operation of the plants
• Tax exemption on the purchase of necessary equipment for the operation of the plants
• Reduction of IPI tax on the purchase of inputs used in the production of energy, for up to five years
• Reduction of PIS-Cofins tax on the purchase of inputs used in the production of energy, for up to five years