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Renewable Energy

While Mauritius emits 0.01% of the Global carbon dioxide emissions, the government is committed to holding to its international commitment of reducing by 40% our GHC emissions by 2030. To this end, government has launched a multi-fold strategy aiming at:

  • increasing the contribution of renewable energy to 60% of the electricity mix by 2030,
  • decarbonizing end-user sectors,
  • increasing energy efficiency,
  • promoting research, development, and innovation in the sector,
  • position Mauritius as a launchpad for renewable energies in the region and Africa.
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    • About

      Mauritius firmly intends to reduce its dependency on imported fossil fuel in electricity generation by setting out an ambitious target of 40% of renewable energy in the electricity mix by 2025 and 60% by 2030.

      In the past few years, over 100 MW of installed capacity of wind and solar farms have been commissioned. Government targets an additional installed capacity of of 253 MW for facility scale R.E projects by 2025 and another aggregated 269MW of installed capacity through scheme-based projects. The 2030 energy transition roadmap provides for an estimated investment of USD 1.35 billion in the sector by horizon 2030, encompassing generation from solar, wind, biomass, hybrid renewable systems as well as marine renewables, among others.

      Currently the project pipeline is estimated at USD 700m. These projects are at different phases of implementation with the first ones due for commissioning by Q1 2024.

      Government plans to materilaize its renewable energy target by commissioning facility scale renewable energy projects through a tender based approach and encouraging individuals and business to generate electricity from renewable energy sources.

    • Opportunities

      Development of utility scale projects-above 5MW of installed capacity (international tenders)

      • Solar PV farms
      • Wind farms
      • Renewable Energy Hybrid Facility- Solar PV coupled with battery storage
      • Renewable Energy Hybrid Facility- Solar PV coupled with Wind and battery storage
      • Renewable Energy Hybrid Facility- Biomass

      Private led medium size project under the Medium Distributed Generated System supporting business and commercial operators to generate electricity from R.E sources

      Private led small size project under the Medium Distributed Generated System supporting small businesses and households to generate electricity from R.E sources

    • Incentives

      Solar Energy Investment Allowance

      • Eligibility for income tax deduction for individuals investing in solar generation

      Concessional loans:

      • The Development Bank of Mauritius provides individuals a concessional loan of MUR 250,000 at an interest rate of 2% for solar PV kits.
      • Industrial users eligible for a Carbon Neutral Load Scheme by the Industrial Finance Corporation of Mauritius (IFCM) over 7 years at a preferential rate of 3 percent.
      • Leasing facilities of 3 percent per annum over 10 years to transport operators to acquire electric vehicles and charging infrastructure by IFCM.
      • Concessionary leasing at 3.5 percent per annum to companies renewing their company fleet to electric mobility only offered by IFCM.
      • A 0.5 percent loan of up to Rs 3 million to taxis and van operators over a period of 7 years for the purchase of electric vehicles by Development Bank of Mauritius.

      Annual allowance in respect of the capital expenditure incurred on:

      • Acquisition of solar energy unit – 100%
      • Green technology equipment – 50% (straight line)

      Exempt Income for investment in green projects:

      • Exemption from Interest derived by individuals and companies from debentures, bonds or sukuks issued by a company to finance renewable energy projects
      • Exemption from Interest derived by individuals and companies from a sustainability bond or a sustainability-linked bond issued in accordance with the bond principles, guidelines and handbooks administered by the International Capital Market Association to finance sustainable projects in Mauritius

      Buy back Guarantee:

      • Prosumers under the SSDG and MSDG can produce up to 150% of their current electricity consumption with a buy back of MUR 4.20.
      • Industrial users are eligible to produce up to 150% of their current electricity consumption with a buy back guarantee of MUR 4.20

      No restriction on production site:

      • Industrial users, smart cities and telecom operators can produce electricity from renewable energy sources both onsite and off-site.

      Exemption from Land Conversion Tax:

      • Renewable Energy projects undertaken on agriculture land benefit from land conversion tax exemption both upon acquisition and lease.

      Income and Excise Duty Exemption:

      • Solar PV equipment exempt from Custom Duty and VAT

      Fast charger for electric car investment allowance:

      • Eligibility for income tax deduction for individuals investing in solar generation
      • Eligibility for Double Deduction for Corporates

      Premium Investor Certificate:

      • Eligibility for premium certificate in innovative technologies and ESG projects for investments exceeding MUR 500M

      Eligibility to regional headquarter scheme for investment abroad:

      • 8-year tax holidays
    • About

      A multi-fold strategy is essential to match the ambitious target of Mauritius in greening up its economy. Consequently, it is imperative to target a net zero approach for the various economic sectors in Mauritius, primarily, large energy consumers.

      Industrial operators in Mauritius are incentivized to offset their energy consumption by producing electricity from renewable energy sources both onsite and offsite with a guaranteed buy back. Fiscal incentives and soft loans will accompany these industries in their energy transition process. Furthermore, Government has launched a programme for equipping public buildings with roof top solar generation facilities.

      In its bid to green up the transportation sector, Government is encouraging transport operators, corporates and individuals to shift to electric mobility. To this end, excise duty on hybrid vehicles and electric vehicles have been removed and, a negative excise duty of 10% provided on electric vehicles. Moreover, the bus modernization scheme will solely be applicable to electric buses as from the financial year 2023.

      The metro express which is spearheading the modernization of the transport system in Mauritius will develop a solar PV farm to further green up its operations.

      Enterprises engaging in sustainable practices such as waste and wastewater valorization through innovative treatment systems are also incentivized.

    • Opportunities
      • Generation of electricity from renewable energy sources by industrial users
      • EPC contracting servicing end-users
      • Electric Vehicles solution providers
      • Waste management solution providers
      • Wastewater management solution providers
      • Innovative green solutions supporting enterprises
    • Incentives

      Annual allowance in respect of the capital expenditure incurred on:

      • Acquisition of solar energy unit – 100%
      • Green technology equipment – 50% (straight line)

      Exempt Income for investment in green projects:

      • Exemption from Interest derived by individuals and companies from debentures, bonds or sukuks issued by a company to finance renewable energy projects

      Exemption from Land Conversion Tax:

      • Renewable Energy projects undertaken on agriculture land benefit from land conversion tax exemption both upon acquisition and lease.

      Income and Excise Duty Exemption:

      • Solar PV equipment exempt from Custom Duty and VAT

      Concessional loans:

      • Industrial users eligible for a Carbon Neutral Loan Scheme by the Industrial Finance Corporation of Mauritius (IFCM) over 7 years at a preferential rate of 3 percent.
      • Leasing facilities of 3 percent per annum over 10 years to transport operators to acquire electric vehicles and charging infrastructure by IFCM
      • Concessionary leasing at 3.5 percent per annum to companies renewing their company fleet to electric mobility only offered by IFCM
      • A 0.5 percent loan of up to Rs 3 million to taxis and van operators over a period of 7 years for the purchase of electric vehicles by Development Bank of Mauritius.

      Fast charger for electric car investment allowance

      • Eligibility for income tax deduction for individuals investing in solar generation
      • Eligibility for Double Deduction for Corporates

      No restriction on production site

      • Industrial users can produce electricity from renewable energy sources both onsite and off-site

      Buy back Guarantee:

      • Industrial users are eligible to produce up to 150% of their current electricity consumption with a buy back guarantee of MUR 4.20.

      Premium Investor Certificate

      • Eligibility for premium certificate in innovative technologies for investments exceeding MUR 500M.
    • About

      Decreasing energy consumption by adopting energy efficient technologies is fundamental to the energy transition of Mauritius. Mauritius’ electricity consumption is marked by an average 2% increase for the past 8 years compared to 4% for the period 2000 to 2012. This ensues the setting up of the Energy Efficiency Management Office under the aegis of the Ministry of Energy and Public Utilities and various measures incepted to increase the energy efficiency of the various category of users including residential, industrial and commercial among others.

      Government in collaboration with the Agence Francaise de Development, the EU and the private sector worked out energy efficiency audits and solutions for large energy consumers in Mauritius. Moreover, restrictive measures were adopted to discourage the importation of energy inefficient equipment in Mauritius. Going forward, Mauritius will further accentuate its energy efficiency strategy targeting a 10% of savings in the medium term.

    • Opportunities
      • Energy efficiency management
      • Energy efficiency auditing
      • Energy efficient solutions
      • Energy efficiency engineering
      • Energy efficient technology providers
    • Incentives

      Annual allowance in respect of the capital expenditure incurred on:

      • Green technology equipment – 50% (straight line)

      Premium Investor Certificate

      • Eligibility for premium certificate in innovative technologies for investments exceeding MUR 500M.
    • About

      Mauritius ambitions to emerge as a regional leader in the development and testing of innovative renewable energy technologies. To this effect, the MARENA, in collaboration with the CEB launched the National Scheme for Emerging/Innovative Renewable Energy Technologies which allows the on-grid testing of renewable energy technologies. The Mauritius Research and Innovation Council (MRIC), an apex body spearing research and innovation also provides for funding of R&D activities in the sector.

    • Opportunities
      • Research and development in renewable energy sector
      • On-grid testing of innovative RE technologies
    • Incentives

      Annual allowance in respect of the capital expenditure incurred on:

      • Green technology equipment – 50% (straight line)

      Funding Schemes

      • Tailor made schemes by MRIC
    • About

      Africa is termed as a land of opportunities for Renewable Energies with potential solar capacity estimated at 10 TW, abundant hydro (350 GW), wind (110 GW), and geothermal energy sources (15 GW). The African Development Bank has ranked energy in its top 5 high priorities areas and launched the New Deal on Energy for Africa with an overarching goal of universal energy access in Africa by 2025. This will be achieved through expanding grid power by 160 GW and connecting 130 million people to the grid.

      Mauritius, as an integral part of the African Continent has excellent bilateral ties with African Countries. Moreover, the local expertise of Mauritius in the energy sector coupled with the offering of its International Financial Centre can be leveraged upon for structuring and management of energy projects in Africa. The Mauritius Africa Fund also provides seed capital to Mauritian companies exploring opportunities in Africa.

    • Opportunities
      • Structuring and management of energy project
      • Regional headquarters for companies investing in the energy sector in Africa
    • Incentives
      • Bilateral ties with African countries
      • Funding possibilities from Mauritius Africa Fund
      • Pool of local professionals

Incentives & Schemes

Through a panoply of schemes and unique incentives offered, EDB Mauritius supports the expansion and growth of business operations as a way to enhance substantive and value-added economic activities in Mauritius.

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“Medew Holdings was established to produce, process and market avocado domestically and for export. Mauritius was identified as a country which is politically and economically stable. With the strong support of the EDB and the Mauritian government, within a short timeframe, Medew Holdings Ltd has been able to successfully import avocado seeds and plants for cultivation”

Medew Holdings Ltd

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