Dutch companies invested a total of €3.6bn in renewable energy production and energy saving schemes that qualified for tax breaks (EIA) last year according to the government’s energy innovation body SenterNovem.
The EIA is an initiative by the Dutch government to stimulate companies to invest in a cleaner environment. Set up in 1997, it is one of the longest running government instruments to promote renewable power and energy saving.
Businesses that apply for the EIA in 2007 are entitled to deduct 44% of their investment costs from their taxable profits.
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