Energy storage among tax-exempt proposals in Bangladesh

Energy storage systems are among renewable energy components and raw materials which the Bangladeshi government is considering exempting from import duties and VAT.

Dhaka has put a draft version of its Renewable Energy Policy 2025 out for public consultation.

Under the terms of the proposed legislation, which would offer foreign clean energy investors the same benefits as domestic backers, an unspecified accredited laboratory would review imported goods.

If approved, the provisions of the policy would take effect upon publication in Bangladesh’s official gazette and could be periodically extended if successful.

The proposed policy exempts stamp duty for renewable energy investors and introduces an incentive mechanism for the trading of carbon allowances, which would be generated by reducing carbon emissions. The draft policy document stated carbon trading revenue could be exempt from income tax and government duties.

“We have brought huge changes and covered almost all forms of renewable energy in the new policy, aiming to promote clean energy and reduce dependence on fossil fuel,” a Sustainable and Renewable Energy Development Authority senior official told pv magazine.

The new policy would apply to renewable energy equipment used to generate electricity for self-consumption, sale to utilities, and for third-party transactions, including the transfer of renewable energy certificates.

Solar, onshore and offshore wind, geothermal, biomass, biogas, green biofuels, waste-to-energy, hydro, ocean and tidal power, green hydrogen, and hybrid systems would all covered by the policy, which would also allow for the inclusion of emerging renewable energy technology.

From pv magazine International.