Bangladesh cuts solar equipment import taxes to 1%

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Bangladesh has significantly reduced import taxes on solar equipment from 17% to 1% temporarily to boost renewable energy deployment. The move aims to reduce project costs and accelerate the installation of 4 GW of rooftop solar capacity by next summer.

Bangladesh has cut the tax burden on solar equipment imports from 17% to 1% for 180 days to support renewable energy deployment. The measure is expected to reduce project costs and accelerate the country’s push to install 4 GW of rooftop solar before next summer. The post Bangladesh cuts solar equipment import taxes to 1% appeared first on pv magazine Global.