South Africa announces import tariffs on solar panels
According to the South African News 24-hour website on July 2, in order to establish local solar panel manufacturing capabilities in South Africa, South African Finance Minister Godungguana recently announced that a 10% import tariff will be imposed on solar photovoltaic panels, batteries and modules.
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 15 billion rand in new investment through green energy plans.
The Renewable Energy Master Plan lists 49 possible market intervention measures to promote local manufacturing of solar, wind, lithium-ion batteries and vanadium battery storage technologies.
