Colombia Adopts New Incentives for Renewable Energy

The Colombian government has announced the adoption of new incentives for the development of renewable energy projects. The incentives include:

• An income tax deduction of up to 50% of investments made into renewable energy research, management or generation projects for up to 5 years;
• A value added tax exemption on machinery and equipment and related services acquired for use in the generation and use of renewable energy;
• A customs duty exemption on imports for use in renewable energy projec…