BENEFITS OF INVESTING IN HYDROGEN IN COLOMBIA
Humberto Jose Correa Zu?iga
Director - Gerente - Cumplimiento - Contratos - Derecho empresarial - Derecho laboral
For those who are not familiar, let me tell you that hydrogen is one of the booming energies in Europe right now.
So far, in Colombia, three types of hydrogen have been discussed: Blue, green, and white.
Law 2099 of 2021 defines blue hydrogen as follows:
Blue Hydrogen: It is hydrogen produced from fossil fuels, especially by the decomposition of methane (CH4), and which has a carbon capture, utilization, and storage system (CCUS) as part of its production process.
Law 2294 of May 19, 2023, defined green and white hydrogen as follows:
Green Hydrogen: That produced from Non-Conventional Renewable Energy Sources (NCRE), such as biomass, small hydroelectric developments, wind, geothermal heat, solar, tidal, among others; and it is considered Non-Conventional Renewable Energy Sources (NCRE). Green hydrogen will also be considered the one produced with self-generated electrical energy from NCRE and electrical energy taken from the national interconnected system (SIN), provided that the self-generated energy with NCRE delivered to the SIN is equal to or greater than the energy taken from the SIN.
White Hydrogen: It is hydrogen produced naturally, associated with geological processes in the Earth's crust and found in its natural form as free gas in different geological environments, either in layers of the continental crust, in the oceanic crust, in volcanic gases, and in hydrothermal systems, such as geysers. It is considered NCRE.
With the aim of promoting this type of alternative energy and becoming a reference in the regulation of hydrogen as a non-conventional energy source in Latin America, Colombia has established the following tax benefits:
·?????? Deduction of 50% of the investment in the income tax return.
·?????? Exclusion of VAT on equipment.
·?????? Tariff exemption.
·?????? Accelerated depreciation of assets.
With these benefits, it is expected that the generation, transmission, and distribution of electrical energy through hydrogen in Colombia will guarantee self-generation and consumption in the country.
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