According to the Ministry of Development, Industry, Commerce, and Services (MDIC), President Luiz Inácio Lula da Silva signed Decree No. 11,456, which updates and expands the Support Program for the Technological Development of the Semiconductor Industry (PADIS). The program now includes the photovoltaic sector, focused on solar energy production.
Aiming to impact the so-called "Green Economy," the program is one of the government's efforts to decarbonize the economy and stimulate renewable energy production, which is essential to meeting international climate agreement targets.
The exemption is valid until December 31, 2026. During this period, import duties, IPI, and PIS/COFINS will be waived. Currently, most photovoltaic panels used in Brazil are manufactured in China. Eliminating these tax rates is expected to lower the cost of these products, while also encouraging the domestic manufacturing of solar components.
The MDIC also stated that "with the expansion of the program to the solar panel industry, one of the most dynamic sectors today, we expect a significant increase in investment in the coming years, along with the creation of high-quality jobs across various states."
For more information, see the MDIC's announcement.
This article was written by ArchDaily Team. The translation is powered by AI.
