Tax Exemption Could Let Brazil Reach 2GW Rooftop Solar by 2024
The Brazilian government’s decision to exempt renewable energy projects including solar photovoltaic from tax payments could allow the country to reach 2GW of rooftop solar by 2024, according to predictions by Bloomberg New Energy Finance. Approximately 700,000 homes and small businesses would have to install solar panels to reach the figure. Solar power is already beginning to be a hope for the future in Brazil, with numerous solar power plants being initiated and funded over the past few months. A 350MW floating solar plant was announced earlier in April, and Minas Gerais state recently announced that it will start the process to auction bids for the development of solar PV power plants.


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