O increase in import tax on photovoltaic modules from 9,6% to 25% It will not only impact the solar energy projects of small and medium-sized companies, but will also affect the capital expenditure of companies operating in the GC (centralized generation) segment.
According to a study published by greener, with the increase in the import rate of equipment at current levels, the tendency is for CAPEX (Capital Expenditure) of large plants to increase by more than 8%.
Such an increase, according to the research and consulting firm, may cause challenges in asset profitability and a higher perception of risk given the uncertainties brought by cases of curtailment and connection restrictions.
By the end of September, Brazil had already imported more than 16 GW of photovoltaic modules in 2024. In the first half of the year, the volume of equipment purchased by Brazilian companies broke record, with 10,7 GW – an increase of 30% compared to the same period last year.
Currently, the solar energy market in Brazil is almost entirely made up of international products, with imports responsible for supplying around 95% of the sector, according to Greener.
Import tax increase
The new increase in the import tax on photovoltaic modules was defined by the Federal Government last week through Gecex Resolution No. 666.
According to the MDIC (Ministry of Development, Industry, Commerce and Services), the decision is a response to the request of two companies in the sector that asked the Union to increase the rate.
According to the document, some companies importing photovoltaic modules will still be able to access the exemption from this rate through a quota of around US$ 1.014.790.000 until June 30, 2025.
Want to better understand the impact of the increase in import tax on photovoltaic modules? Then don't miss this episode of Papo Solar!
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