Regulates the renewable energy sector outlining goals, laying the foundation for a feed-in-tariff scheme, and providing tax incentives for development.
Specifically, the law establishes the legal framework for the sustainable development of renewable energy. Goals outlined in this legislation include: reducing dependence on fossil fuels, diversifying the energy mix, reducing GHG emissions and facilitating domestic energy production. The law directs the Ministry of Renewable Energies to establish and regulate incentive schemes for renewable development, including: (1) a tax exemption for the purchase of equipment required for renewable generation intended for domestic consumption; and a (2) tax relief scheme for renewable energy technology research.The Law also requires electricity network operators to connect renewable generation facilities to the grid.
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Renewable Energy Law (No. 2010-21)
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The summary of this document was written by researchers at the Grantham Research Institute . If you want to use this summary, please check terms of use for citation and licensing of third party data.