Distributed solar photovoltaic generation has, for the first time, the possibility of accessing financing for infrastructure projects with environmental and social benefits. This is the assessment of ABSOLAR (Brazilian Association of Photovoltaic Solar Energy) on the decree that creates perspectives for renewable sources, published by the Federal Government last Friday (5).
According to the association's CEO, Rodrigo Sauaia, the decree will boost billions of reais in new private investments and generate thousands of new jobs in the photovoltaic sector. “These incentives already existed for large generation plants, but they will now be valid for distributed generation projects, with more agility, less bureaucracy and lower costs for financing solar energy in Brazil”, highlights the executive.
Sauaia also highlights that the measure should reduce the bureaucratic process, contributing to the recovery of the Brazilian economy. “The decree reduces the complexity of issuing debentures, improving the conditions for access to credit for sustainable projects in the sector. Therefore, we applaud this initiative, which contributes to boosting renewable energies, strategic for reactivating the country's economy”, he states.
The publication of the decree was also highlighted by the vice president of financing of ABSOLAR, Camila Ramos, who emphasizes that the measure is an achievement for the entire renewable energy sector, with the participation of the company itself. ABSOLAR, for the work carried out together at the LAB (Financial Innovation Laboratory).
“Incentivized debentures and green bonds have become a strong trend in Brazil and will receive a major boost with the publication of these rules. Previously, only projects that qualified and were approved by the PPI (Investment Partnership Program) or approved directly by ministries were eligible to issue such incentivized bonds. This made the process very bureaucratic, complex, time-consuming and expensive for the market,” explains Camila.
The executive also highlights that the measure could reduce deadlines and provide lower costs for financing sustainable projects. “With the new decree, projects that provide relevant environmental or social benefits will be able to be part of this market, through a simpler and more agile process. With this, investments in solar energy will be able to increase and provide an even better quality of life for the population in the five regions of Brazil”, says Camila.
