Renewable Energy Law and Wind Auction Announced in Panama

The National Assembly of Panama recently approved two renewable energy incentive laws. The incentive laws include import-tax and other tax exemptions on equipment, as well as a credit equal to 5 per cent of the value of civil works that are considered to be for public use. In a different development, the government announced the start of a process that will award 150 MW of wind energy contracts. This move could open the door for wind turbine installations in Panama. According to the economy minister, Mr Alberto Vallarino, the 150 MW of wind projects could be expanded depending on the capabilities of the participants.

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