El Salvador may extend tax breaks on renewables

Tharsis Solomon Lopez, El Salvador’s Economy Minister recently presented a proposal in the country’s legislative assembly for the extension of tax breaks for renewable energy project developers.

At present, new renewable energy projects with over 10 MW capacity enjoy a 10-year exemption from import duties on equipment and raw material. The government has proposed to drop the 10 MW capacity limit and offer these incentives to small projects, as well as extending the time frame.




Source: Clean Technica