Solar Tax Incentive Drives Billions Into SA Commercial Solar

Solar tax incentive drives billions into SA commercial solar

Solar tax incentive drives billions into SA commercial solar  South Africa's renewable energy tax incentives have unlocked significant private investment in the commercial solar sector, with one fund manager deploying over R1 billion in less than two years – a milestone that demonstrates the tangible impact of targeted fiscal policy. The investment comes as the...

South Africa’s Solar Boom, Fuelled By Tax Breaks, Lures Billions In Cash

South Africa’s tax incentives for renewable energy have spurred more than ZAR 1 B (over USD 50 M) in private investment for commercial solar projects in under two years, fund manager Jaltech said on Monday, showing how fiscal policy is helping to ease reliance on state power utility Eskom. The investments highlight a sustained shift towards solar power among businesses, even after the country resolved its severe power cuts last year. The surge i…