Stimulus for Renewable Energy Technologies in Senegal

Geography: Africa
Sector: Energy

Read More: Renewable Energy Stimulus in Senegal

The Senegalese government issued a decree at the beginning of August that exempts 22 different renewable energy equipment types from the value-added tax (VAT). Renewable energy production technologies targeted by this exemption are wind farms, biogas production facilities, solar photovoltaic, and a range of other solar-powered technologies, such as solar water heaters, solar lamp kits, solar street lamps, and solar pumping kits. The 18% cost reduction for purchasing renewable energy equipment is expected to stimulate the consumption of these green energy solutions as well as to boost rural electrification.