en.Wedoany.com Reported - The Bangladeshi government recently announced a policy package to accelerate solar energy development, with the core measure being a zero tax rate on the solar industry until 2035, while consumers will enjoy a 5% tax rebate on solar electricity payments. This policy aims to attract investment and support the government's goals of achieving 20% of total electricity demand from renewable energy by 2030 and 30% to 50% of clean energy generation by 2050.
Finance Minister Amir Khosru Mahmud Chowdhury issued a new notice while presenting the national budget in parliament, reducing import duties, regulatory taxes, surcharges, and withholding taxes on key solar components to 0%. Products eligible for tariff and tax exemptions include solar inverters, battery pack enclosures, lithium battery cells, lithium-ion batteries, solar photovoltaic modules/panels, mounting brackets, battery energy storage systems (BESS), battery management systems, UV-resistant solar DC cables, and battery thermal management systems.
The minister stated that by gradually expanding solar, wind, and other clean energy sources, the foundation for a low-carbon economy will be established. He also noted that investors will receive support and incentives for manufacturing renewable energy equipment domestically, including solar panels, wind power components, and battery systems. Solar industry stakeholders have welcomed this move, viewing it as a strong signal of government support for renewable energy investment.
Mostafa Al Mahmud, President of the Bangladesh Sustainable and Renewable Energy Association (BSREA), stated that these incentives demonstrate the government's commitment to the renewable energy industry. He said that clean energy is irreplaceable for sustainable development, and with continued policy support, industries will be able to generate electricity for their own use, and households will be encouraged to install rooftop solar systems.
Bangladesh currently has a renewable energy generation installed capacity of 1,797 megawatts, of which 1,504 megawatts come from solar power.
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