Generation News

Ecuadorian government receives an economic offer for the construction of the Conolophus project in Galapagos
Monday, June 21, 2021

The project is part of the Zero Fossil Fuels initiative in Galapagos and proposes the installation of a 14.8 MW renewable energy system with 40.9 MWh batteries and a transmission line and electrical substations on the Baltra and Santa Cruz islands. More

Sunday, June 20, 2021

• With the Energy Transition Law, which was approved by the Congress of the Republic and now passes to presidential approval, the green and blue hydrogen projects will be able to access rent over-deduction, VAT exclusion, zero tariffs and accelerated depreciation. • These incentives will also extend to smart metering and large-scale energy storage equipment and investments. This law clarifies and ratifies that smart meters and their installation will not have any additional cost for users. • The tax benefits of VAT exclusion, zero tariffs, income over-deduction and accelerated depreciation, which were established in Law 1715, will be extended to energy efficiency projects. More

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