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South African Treasury prepares to roll out renewable energy incentives


South Africa's finance minister said his ministry was about to introduce "bounce back measures" including loan guarantees to support rooftop solar power generation on homes and expand renewable energy tax incentives for businesses.

South Africa’s Treasury will also introduce changes to the Rebound Loan Guarantee Scheme to incentivize rooftop solar investment and reduce energy-related constraints faced by SMEs.

The South African government will provide solar-related loan guarantees for SMEs on a 20% first-loss basis, and facilitate the lease of rooftop solar for households and SMEs.

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