|Year:||2007 (Dec 20th)|
|Policy status:||In Force|
|Date Effective:||2007 (Dec 20th)|
|Policy Type:||Economic Instruments>Fiscal/financial incentives>Tax relief, Economic Instruments>Fiscal/financial incentives|
|Policy Target:||Multiple RE Sources>Power|
|Size of Plant Targeted:||Small and Large|
|Legal References:||Decree Law No 462|
The purpose of this Law is to promote investments in projects based on the use of renewable energy resources (e.g. hydro, geothermal, wind, solar and biomass) for electricity generation. The Law provides fiscal incentives for power plants from wind, solar, biomass, geothermal and hydro energy, including:
All incentives are applied exclusively only to new investments. In 2012, Agreement 162, described the technical requirement that must be fulfilled in order to apply for the incentives.
The fiscal incentives described in Decree Law No 462 (2007) are regulated by Decree 4 of 2009.
In order to view full version of the Decree Law No 462 Fiscal Incentive Law for the Promotion of Renewable Electricity Generation please click here.
Last modified: Tue, 29 Nov 2016 15:59:34 CET