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Brazil’s VP Geraldo Alckmin Cuts Ribbon on 662-mwp Solar Complex

Brazilian energy companies Comerc Energia and Vibra Energia SA (BVMF:VBBr3) have inaugurated a 662-MWp solar photovoltaic (PV) complex in the country’s southeastern Minas Gerais state.

The ceremony was attended by Brazil’s vice-president and minister of development Geraldo Alckmin.

Named Helio Vagas, the solar project required an investment of BRL 2 billion (USD 408.2m/EUR 381.8m), the federal government announced on Thursday.

Covering a 1,497-hectare (3,699 acres) area in the municipality of Varzea de Palma, Minas Gerais state, the PV complex features 1.2 million panels.

Although not fully operational, Helio Valgas has generated 119 GWh of energy since the plant was energised in August 2023. Once fully up and running, the facility will be able to meet the demand of 800,000 local homes.

As part of efforts to boost the renewable energy sector, the federal government has included the solar complex in the REIDI programme, which grants tax incentives to companies investing in infrastructure projects considered strategic for the country’s development.

Alckmin also highlighted the inclusion of the PV panel segment in the Padis scheme, allowing for exemption from import, IPI and PIS-Cofins taxes.

(BRL 1.0 = USD 0.204/EUR 0.191)

Source: Renewablesnow