ECONOMYNEXT – Sri Lanka has issued a notice adding renewable energy generation or storage systems, to a list of capital goods allowed to be imported with duty exemptions. The gazette said capital goods ‘for the purpose of construction of renewable energy storage” facilities” during their construction. The tax exemptions will apply for renewable energy generation or storage facilities or 1MW or higher. Sri Lanka has advertised for battery energy storage systems on a build operate own basis and also wind and solar plants. The concession will apply to new facilities or extensions of existing ones. (Colombo/Oct29/2025)
Sri Lanka allows duty exempted capital goods for renewable energy, batteries
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