ERA approves REFIT 5
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The Electricity Regulatory Authority (ERA) has approved the Renewable Energy Feed-in Tariff (REFIT) Guidelines Phase 5, following a successful review of REFIT Guidelines Phase 4 in April 2021. The Guidelines are meant to provide clarity and guidance to Project Developers, Investors, and key Institutional Stakeholders, on the key components and operational structure of the Renewable Energy Feed-in Tariff (REFIT).
The overall aim of the REFIT is to encourage and support greater Private Sector participation in Power Generation from Renewable Energy Technologies, through the establishment of an Appropriate Regulatory Framework, and this is in line with the Renewable Energy Policy (2007), whereby the Government’s Policy Vision for Renewable Energy is “To make modern Renewable Energy a substantial part of the National Energy Consumption.”. Download full REFIT 5 here..