Utility-scale PV project developers can claim back 50% of the VAT on sales of electricity to the grid, the Ministry of Finance said in a brief online statement on Sunday.

The new policy, effective from 1 October of this year to 31 December, 2015, is designed to encourage the development of PV plants.

The government is trying to speed up solar roll-out to meet its “very ambitious” cumulative installation target of 35GW of PV by 2015, Solarbuzz analyst Ray Lian tells Recharge.

Even