Senegal presents VAT exception for off-grid solar items
- The Senegalese federal government is aiming to increase access to solar energy in backwoods by decreasing VAT on PV panels, inverters, solar thermal collectors and various other items in an initiative to achieve global power gain access to in the nation by 2025.
The Senegalese Ministry of Energy has actually presented a VAT exception for PV products when linked to an off-grid project. The brand-new step was promoted on July 23 as well as is now effective.
The Senegalese federal government has published a list of the 22 renewable resource companies that will certainly be qualified to take advantage of the brand-new arrangements, some of which are currently dealing with authorities to power up rural and marginalized locations in the nation.
The spared items consist of solar panels, inverters, solar thermal collectors, batteries, solar lamp packages, solar water heaters, as well as fee regulators. Packages consisting of a battery, solar panel, and also a lantern or a photovoltaic panel, a water pump, and controller are likewise included amongst the VAT-exempted items.
According to GOGLA, the international organization for the off-grid solar energy industry, the worth included tax obligation (VAT) is charged at 18 percent for all off-grid solar items. "The new procedure will certainly assist businesses get to those most-in-need of electricity accessibility, bring about more encouraged customers as well as even more resistant neighborhoods," claimed GOGLA's regional rep, Namory Doumbia.
By lowering the acquisition prices of all renewable resource manufacturing devices by 18 percent, the Senegalese federal government intends to improve the price of accessibility to renewable energy in its rural areas. This is part of the more comprehensive project that the government is presently running to achieve universal electrical energy access in the nation by 2025.
According to the most recent statistics from the International Renewable Energy Agency, Senegal had a mounted PV capacity of 134 MW at the end of 2019. Most of this ability originates from massive PV, but numerous off-grid projects were additionally constructed in the nation over the past years.
