Brazil cancels import tariffs on batteries, solar panels, inverters and trackers
Brazil’s Resolution No. 70 will abolish import tariffs on commodities including a variety of photovoltaic modules, inverters and solar trackers. This measure taken by the Foreign Chamber of Commerce in the Ministry of Economic Affairs lists 101 tax-free solar modules and some three-phase inverters and trackers. This law will take effect on August 1. Although there are no domestic content requirements for large-scale solar projects or distributed power generation systems with a capacity of up to 5 MW allocated in the auction, if you use “Made in Brazil” modules in photovoltaic power plants, you can purchase from the National Development Bank BNDES and Other government agencies receive funding. In November last year, Brazilian President Bolsonaro vetoed a bill approved by the country’s Senate and House of Representatives. According to the government’s official communiqué, the bill exempted the import tax on solar energy equipment, a move that would reduce national revenue. .