World News | New Law Promotes Agro-voltaic Energies
Get latest articles and stories on World at LatestLY. The Knesset's Interior and Environmental Protection Committee approved today the bill regulating a temporary exemption from the improvement levy for agro-voltaic installations for a period of one year, led by the Ministry of Energy and Infrastructure.
Tel Aviv [Israel], May 14 (ANI/TPS): The Knesset's Interior and Environmental Protection Committee approved today the bill regulating a temporary exemption from the improvement levy for agro-voltaic installations for a period of one year, led by the Ministry of Energy and Infrastructure.
At the same time, local authorities will receive a replacement improvement levy through the Israel Land Authority. An exemption from the canalization and paving levy was also approved if the original land use is not changed.
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The move is intended to enable the continued advancement of the agro-voltaic and solar roofing sector in Israel while creating regulatory and economic certainty, pending the completion of the work of an inter-ministerial team that will formulate a permanent arrangement over the coming months regarding improvement levies for agro-voltaic installations.
The Ministry of Energy and Infrastructure estimates that by 2035, it will be possible to establish approximately 5,000 megawatts of agro-voltaic installations in Israel -- a move that will contribute to strengthening energy security, advancing renewable energy goals, preserving agricultural land, and strengthening settlement and agriculture in Israel. (ANI/TPS)
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(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)