Tax Incentives for Wind Energy

Ventus S.A. de C.V., which will invest in the construction of the first wind farm in El Salvador, will enjoy tax exemptions in its investment plans and operation for 20 years.

Thursday, February 14, 2019

The Guatemalan and Honduran capital company, Ventus, will invest $73 million over 10 years in the construction of a wind farm with a capacity of 54 MW, and the tax benefits that will be granted result from the signing of a Legal Stability contract for Investments.

You may be interested in "$225 Million Investment in Energy Projects"

From the Minec statement:

February 12, 2019. The Minister of Economy, Dr. Luz Estrella Rodriguez, carried out this day the signing of the "First Legal Stability Contract for investments" between the company Ventus S.A. de C.V., and the State of El Salvador; with which the State guarantees through a legal framework the Legal Security to the Investor.

The firm was presided by the Vice President of the Republic and Technical Secretary of the Presidency, Oscar Ortiz, the Minister of Economy and Juan Luis Sinibaldi Radi, general manager of the Ventus company.

The Law of Legal Stability for Investments was approved by Legislative Decree No. 905 on January 12, 2015, at the MINEC's initiative. Its purpose is to contribute effectively to the economic and social development of the country; to the growth of strategic sectors; to the efficient integration of the national economy with the international one; and to the generation of employment through the legal stability that the contract guarantees to the investor. 


The Ventus company will develop the first wind energy park in El Salvador, with $73 million dollars’ investment. It will be executed in a 10-year period, within which around 20 new permanent jobs will be generated during the operation and maintenance phase, and 300 jobs during the construction phase. This project will also improve the quality of life of nearby populations as part of social responsibility in the education and sports areas.

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More on this topic

El Salvador: $43 Million for Wind Farm

July 2019

Banco Agromercantil de Guatemala announced a $43 million loan for the construction of part of the 54 MW Ventus wind farm to be located in the municipality of Metapán.

It was reported in February that the Guatemalan and Honduran capital company, Ventus, will invest $73 million over 10 years in the construction of a wind farm with a capacity of 54 MW, and that the tax benefits to be granted to it in El Salvador resulted from the signing of a Legal Stability contract for Investments.

Tax Exemptions for Renewable Energy

December 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.

The National Assembly approved a reform proposed by the Ortega administration to extend the term of tax benefits for energy generation projects with renewable sources. The law established that the maximum period to opt for exemptions was January 2018, but now they will remain in place until January 2023.

Nicaragua Extends Exemptions for Renewable Energy

June 2015

The National Assembly has amended article eight of Law 532, extending for five years the incentives for investments in this sector.

From a statement issued by the National Assembly:

The National Assembly with 84 votes approved on June 2, Law Reform Law 532, Law for the Promotion of Electricity Generation from renewable sources.

Guatemala: Incentives for Renewable Energy

September 2010

Since 2003, the Incentives for Renewable Energy Projects Law offers fiscal and economic incentives.

The regulation gives fiscal incentives to companies working on renewable energy projects such as: solar, Aeolian, geothermal, hydro energy among others.

Oscar Chile Monroy writes about some of the incentives in his article at Prensalibre.com "...

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