The most obvious and widely publicized barrier to renewable energy is cost—specifically, capital costs, or the upfront expense of building and installing solar and wind farms.Like most renewables, solar and wind are exceedingly cheap to operate—their “fuel” is free, and maintenance is minimal—so the bulk of the expense comes from building the technology. The REMP also implements a set of fiscal and market incentives to support RE deployment. Agricultural producers may also apply for new energy efficient equipment and new system loans for agricultural production and processing. On the short term, the plan includes a moratorium on import duties for renewable energy technologies. Capital costs. The program provides guaranteed loan financing and grant funding to agricultural producers and rural small businesses for renewable energy systems or to make energy efficiency improvements. On the longer run, the plan advises the design of further tax credits, capital incentives and preferential loan opportunities for renewable energy projects. By investing in the long-term energy solutions that alternative energy sources afford, most African nations would benefit significantly in the longer term by avoiding the pending economic problems developed countries are currently facing.. SÃO PAULO, May 6, 2021 /PRNewswire/ -- Atlas Renewable Energy, a leading renewable energy company in the Americas, announced today that it has obtained a USD 150 million loan …
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