VIDEO // State introduces new incentives for green energy

The state is proposing new incentives for the development of green energy, including the elimination of customs duties on the import of wind turbines and batteries for energy storage, as well as tax facilities for investments in renewable energy projects with storage systems. A draft law to this effect was approved today by the members of the Parliamentary Committee on Economy, Budget and Finance, and the facilities regarding deferred payment at import are to be applied to operations carried out until July 1, 2028.

The legislative initiative belongs to a group of MPs from the Action and Solidarity Party parliamentary faction and aims to create a regulatory framework favorable to the development and implementation of projects for the production of electricity from renewable sources, with the integration of storage systems.

Among the main provisions is the reduction of the customs duty from 8% to 0% for the import of wind power generation installations. It also provides for the elimination of the 5% customs duty applied to batteries intended for the storage of renewable energy.

Previously, the customs duty for the import of photovoltaic equipment was also eliminated, as part of policies to support the development of the green energy sector.

Another important measure concerns the deferral of payment of import duties for a period of up to 20 months for equipment intended for renewable energy projects with storage. This facility is designed as a financial support instrument for investors and aims to reduce the fiscal pressure at the time of import.

According to the draft, if investments are made during the deferral period and the installations are connected to the grid, the customs obligations are extinguished. The document also provides for replacing the reference currency from US dollars to euros within the support schemes for renewable energy, in order to align the regulatory framework with current economic realities.

After adoption, the new provisions will enter into force on the date of publication in the Official Journal, and the facilities regarding deferred payment at import will apply to operations carried out until July 1, 2028.