Wind Energy

Brazil Eliminates Taxes on Wind Parts to Spur Turbine Production

Brazil’s government approved a provisional measure that eliminates some taxes for wind components

Bloomberg
09/10/2014 15:22
Visualizações: 2192 (0) (0) (0) (0)

Brazil’s government approved a provisional measure that eliminates some taxes for wind components, an effort aimed at boosting demand for turbines produced locally.

 

The measure means manufacturers will no longer need to pay taxes under the Social Integration Program and the Contribution to Social Security Financing to buy components used in wind turbines, according to Brazil’s official gazette today. The two taxes totaled 9.25 percent and the change covers parts made in Brazil or imported from abroad.

 

“This measure is aimed at offering relief to the wind industry, which wasn’t getting the same benefits as other industries,” said Elbia Melo, president of Brazil’s wind power association known as Abeeolica. “Without the benefit, wind turbines would be more expansive and ultimately would mean higher costs for energy consumers.”

 

Wind-power developers will continue to pay the same tax for buying imported turbines.

Most Read Today
see see
OTC Brasil 2025
Experts warn regulatory instability threatens US$100 bil...
28/10/25
International Company News
Sercel Awarded Major Contract by ONGC to Supply Sercel 5...
28/10/25
Record
Petrobras announces production record of FPSO Almirante ...
28/10/25
OTC Brasil 2025
Event brings together global offshore industry leaders a...
28/10/25
OTC Brasil 2025
Petrobras participates in OTC Brasil 2025, in Rio de Janeiro
28/10/25
Petrobras
Petrobras produced 3.14 million barrels of oil equivalen...
27/10/25
FIRJAN
By 2035+, Rio de Janeiro State’s Energy Potential Could ...
23/10/25
Pre-Salt
PPSA to auction in December the first share of governmen...
23/10/25
Auction
Petrobras wins auction and leases RDJ07 terminal at the ...
23/10/25
Permanent Offer
Equinor acquires two new blocks in the Campos Basin duri...
23/10/25
OTC Brasil 2025
OTC Brasil 2025 Kicks Off in One Week with a Packed Prog...
22/10/25
Agreement
Wärtsilä Lifecycle agreement renewed to maintain safe, r...
22/10/25
Petrobras
Petrobras receives operating license for deepwater explo...
20/10/25
Equatorial Margin
License Grant for Drilling in the Equatorial Margin Is P...
20/10/25
Equatorial Margin
ABESPetro Statement on the Licensing of the Equatorial M...
20/10/25
Energy Transition
BNDES, Petrobras, and Finep select Valetec to manage the...
20/10/25
Pre-Salt
Petrobras and PPSA sign equalization agreement for Jubar...
20/10/25
WPC Energy Youth Forum
Kuwait to Host 8th WPC Energy Youth Forum in October 2025
20/10/25
Exports
Petrobras signs contract to sell six million barrels of ...
20/10/25
Petrobras
Petrobras puts the Harpia supercomputer into operation
10/10/25
PPSA
PPSA Publishes Notice for the Non-Contracted Areas Auction
10/10/25
VEJA MAIS
Newsletter TN

Contact us

We use cookies to ensure you have the best experience on our website. If you continue to use this site, we will assume that you agree with our Privacy Policy, terms of use and cookies.