Renewable Energy diversification (Fiscal Incentives Law)

The decree 354-009 declares that renewable electricity, renewable energy service providers and manufacturing of renewable energy equipment are considered national interest as defined in the law 16.906. This ensures that renewables can benefit from specific tax incentives.

• The income tax exemptions for conventional renewable electricity (hydropower) and solar thermal energy decrease over time as follows.
  • 90% from 2009-14
  • 60% from 2015-17 
  • 40% from 2018-20
• The income tax exemptions for non-conventional renewable energy 
  • 90% from 2009-17
  • 60% from 2018-20
  • 40% from 2021-23

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