Bureaucracy Stops Progress of Renewable EnergyIf you want to provide solar power to a house in Guatemala, you have to go through the same procedures as those undertaken for the implementation of a major power project.Wednesday, March 13, 2013
According to Fabio Gudiel, vice president of Energy at the Ministry of Energy and Mines (MEM), the Law on Incentives for the Development of Renewable Energy Projects must be adjusted in order to meet its goal, as it has been deemed that the rules lack efficiency in the processes for authorizing such projects. Source: prensalibre.com ¿Busca soluciones de inteligencia comercial para su empresa?Energy: Law Reformed in NicaraguaSeptember 2020 After the National Assembly modified the Law for the Promotion of Electricity Generation with Renewable Sources and its reforms, clean energy generators will be able to negotiate the lowering of current prices and in exchange they will receive five additional years of tax exemption. Tax Exemptions for Renewable EnergyDecember 2017 Until 2023 renewable energy projects in Nicaragua may opt for the exemption of import duty on machinery and equipment, VAT, income tax and municipal taxes. Renewable Energy Tax Incentives Extended Until 2023November 2017 In Nicaragua, the Ortega administration is proposing to extend tax benefits for energy generation projects using renewable sources for another five years. Move to Update Energy Efficiency LawFebruary 2012 Costa Rican Industrialists have presented the government with an update list of equipment that is tax-exempt because it optimizes energy use.
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