|Year:||2007 (Oct 2nd)|
|Policy status:||In Force|
|Date Effective:||2007 (Oct 2nd)|
Accord 1562-2011: 2011 (Nov 30th): Provisions for licensing projects of electric generation for projects under 3000 kW;
|Policy Type:||Regulatory Instruments, Economic Instruments, Economic Instruments>Fiscal/financial incentives, Economic Instruments>Fiscal/financial incentives>Tax relief|
|Policy Target:||Multiple RE Sources, Multiple RE Sources>Power|
|Policy Sector:||Electricity, Framework Policy|
|Size of Plant Targeted:||Small and Large|
|Legal References:||Decree 70 of 2007|
The Law for the Promotion of Electric Power Generation with Renewable Resources, approved under Decree 70-2007 aims to promote public or private power generation projects through renewable resources. The law aims to:
It establishes that renewable energy producers, in addition to direct contracting procedures can participate in auctions from the public utility National Electric Energy Company (Empresa Nacional de Energía Eléctrica, ENEE).
Accord 1562 of 2011 creates a registry of small renewables energy producers, and set transmission charges of USD 0.01/kWh for renewable energy projects.
Decree 138 of 2013 extends the incentives that the Decree 70-2007 offers to renewable energy projects, such as exoneration of income tax, import duties and concession fees (except for hydropower); tax credits on pre-investment expenditures; while also extends the incentives to off-grid projects for distributed generation. It clarifies and redefines benefits for RE generation projects.
Decree 138 of 2013 established net metering for users under 250 kW.
It also establishes a special incentive for PV projects - fixed the duration of the 10% incentive at 15 years, and an extra premium of USD 0.03/kWh - that had started the operation before August 1st, 2015, limited to under 50 MW projects, and not exceeding 300 MW total installed capacity.
Decree 138 of 2013 also exonerates from all construction permit fees the renewable energy projects that provide an environmental impact assessment.
|Related policies:||Law of Electrical Industry (Ley General de la Industria Electrica) , Incentives Law for Renewable Energy Generation (Ley de Incentivos con fuentes renovables)|
To download Law on the Promotion of Electric Power Generation with Renewable Resources oh Honduras please click here.
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Last modified: Fri, 24 Feb 2017 16:49:57 CET