Authorities in Brazil's northeastern state of Alagoas have approved the granting of fiscal, credit and building site incentives to photovoltaic solar equipment manufacturer Pure Energy Geracao de Energia, which is planning to invest BRL 40 million ($16.6 million) in the construction of a new 40 MW photovoltaic module plant in the region.
Alagoas' State Council for Economic and Social Development (Conedes) approved the incentives for the new 102,000-square-meter PV module plant planned for construction in the José Aprígio Vilela industrial zone, located in the municipality of Marechal Deodoro. The decision grants Pure Energy a 360-day deferment on the payment of the state's merchandise circulation tax (ICMS) on all goods and raw materials purchased abroad and in Brazil.
Furthermore, the company is set to receive a building site incentive in the form of a subsidized purchase of state-owned land up to 80,000 square meters in size, at a maximum price of BRL 1.00 per square meter.
Pure Energy has 180 days to initiate construction of the plant, starting from the award date of the tax incentive package. The award decision was published in the Alagoas state gazette Diário Oficial on Feb. 3.
Pure Energy is a Brazilian start-up that cooperates with Italy's BMS and Italian renewable energy company Regran.
The new module plant will produce 40 MW of solar modules annually in the first stage, expandable to 70 MW, according to management consulting company Innext Brazil, which supports the Pure Energy-Regran-BMS project. The facility is expected to create 54 direct jobs.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: email@example.com.