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Prince Edward Island > Business > Reuters

Brazil's Bolsonaro says he will bar taxation on solar energy

Reuters | Posted: Jan. 6, 2020, 11:59 a.m. | Updated: Jan. 6, 2020, 9:52 a.m. | 1 Min Read

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SAO PAULO (Reuters) - Brazilian President Jair Bolsonaro ruled out on Monday a tax on solar energy, as the country intends to support the development of clean sources of power.

Bolsonaro's statement comes as Brazil's power regulator Aneel said it was considering cutting incentives for solar power.

(Reporting by Carolina Mandl, editing by Louise Heavens)

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