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Policies

Basic Plan for the Promotion of the Development, Use and Diffusion of New and Renewable Energy

Source: International Energy Agency
Last updated: 24 August 2021
Low-interest loans offered to companies that employ renewable energy technologies, processes and equipment. - A 10% investment tax credit for companies investing in energy RD & D projects. - Priority in receiving tax credits for companies reserving funds to invest in renewable energy RD & D. - Plans to strengthen mandatory fixed-price purchases of renewables electricity. - Plans to provide grants for RD & D of renewable technologies up to 75% of capital cost for PV and 25% for wind power. In addition, a green pricing program is under review, more RD & D activities are supported and through project-based business centres, the private sector is encouraged to undertake RD & D activities by providing grants and credits.

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