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Guatemala: Incentives for Renewable Energy

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

Friday, September 17, 2010

©image: Les Chatfield

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 "... Taxes exemption on the Imports, tax exemption on the Value Added Tax (VAT) on the imported equipment to be used to produce energy, exemption on Sales Tax and on Solidarity Tax also, all them for a 10 years period.

Source: prensalibre.com

Key entities

Ministerio de Energía y Minas de Guatemala

Countries

Guatemala

Insight

tax exemption tax exemptions tax ecemption incentives energy investment renewable energy alternative energy Renewable Energy clean energy Energy

Nicaragua: Incentives Required to Promote Renewable Energy

August 2010

Companies in the sector are working on a proposal that would provide incentives to attract clean energy projects to the country.

The current legal framework only allows incentives for large-scale projects, excluding small investments, comments Leonor Gutiérrez, an energy sector consultant analyst.

El Salvador: Renewable Energy Projects

June 2011

As part of a plan to diversify the energy matrix, the regulatory body will invest $400 million in renewable energy projects.

The Hydroelectric Executive Commission of the Río Lempa (CEL), will invest in six projects, within which are wind, solar and photovoltaic power generation. The projects are listed in the government's energy policy.

$24 Million For Renewable Energy in Central America

March 2010

The Energy and Environment Partnership with Central America (EEP) has made these resources available as seed capital for renewable energy projects.

Entrepreneurs interested in developing renewable energy projects can now apply and receive funds to pay for feasibility studies plus assistance in getting loans from commercial banks.

Guatemala Waives Tariffs For Importing Buses

May 2010

It applies to public transportation buses, and in those departments where the prepaid system will be implemented.

Decree 21-2010, approved by Congress, establishes that transportation companies will be exempt from paying VAT and any other tariffs when importing new buses and micro buses.

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