Conexio consulting

New incentives for solar and wind energy investments

Within the scope of the new incentive for investments in electricity generation from solar and wind energy, at least the 4th Region incentive will be provided for unlicensed energy investments that businesses will make for their own consumption.

In the statement made by the Ministry of Industry and Technology, the importance of the decision on State Aids in Investments published in the Official Gazette was pointed out.

In the statement made by the Ministry of Industry and Technology, the importance of the decision on State Aids in Investments published in the Official Gazette was pointed out.

Minister of Industry and Technology Mustafa Varank, stated that investments in the production of electricity from solar and wind energy are currently supported within the framework of the general incentive system, and said, “We were providing VAT exemption and customs tax exemption support to these investments.”

Stating that there was a change in the legislation with the new decision, Varank said:

“With this change, we are paving the way for investments in the generation of electricity from solar and wind energy, within the scope of unlicensed activity and limited to the contract power in the connection agreement, to benefit from the supports in at least the 4th Region, excluding interest or profit share support. Investors will also be able to benefit from the 5th and 6th Region incentives depending on the location of the investment.”

Insurance premium and tax deduction support

Pointing out that with this new regulation, they bring tax reductions in addition to VAT exemption and customs duty exemption for investors, he stated that investors can also benefit from the insurance premium employer share support.

Emphasizing that with this revision, it has become more attractive for companies to obtain the electrical energy they need from renewable energy sources, Varank said, “We took this decision within the framework of compliance with the European Green Agreement. With our support, we will make a significant contribution to the benefit of our country from alternative energy sources and to the sustainability of our businesses.” made its assessment.

Underlining that they aim for companies to prefer renewable energy with the support package, Varank said, “ Both carbon emissions will decrease and energy costs will decrease with these supports, Thus, the competitiveness of our investors will increase.” used the phrases.

Additional incentives for electric and hybrid commercial vehicle production

On the other hand, the right to import duty-free automobiles, granted to facilities producing automobiles with a certain capacity, will be extended for additional investments to be made by electric and hybrid commercial vehicle manufacturers. Thus, investments in new generation electric and hybrid vehicle production will accelerate.

If investments in ferro-chromium production, which is one of the important inputs of the iron and steel industry, are made in the 1st, 2nd and 3rd regions, they will benefit from the 4th Region supports. In this way, the way to bring the mines in the said regions to the economy will be paved.

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