Views: 0 Author: Site Editor Publish Time: 2024-07-30 Origin: Site
South Africa announces import tariffs on solar panels
According to a report on the South African News 24 Hours website on July 2, in order to establish local solar panel manufacturing capabilities in South Africa, South Africa’s Finance Minister Godong Guana recently announced that it will impose a 10% import tariff on solar photovoltaic panels, cells, and components.
The import tariff on photovoltaic products is one of the measures mentioned in the Renewable Energy Master Plan, which aims to create 25,000 jobs by 2030 and attract R15 billion in new investment through green energy plans.
The Renewable Energy Master Plan lists 49 possible market interventions to promote local manufacturing of solar, wind, lithium-ion and vanadium battery storage technologies.
