Italy Reduces Solar Incentives

italymap Italy Reduces Solar Incentives

The Italian Conferenza Stato e Regioni – the country’s committee ofrepresentatives and the central government – plans to adjust nationalfeed-in-tariff (FIT) levels. The new levels will take effect Dec. 31.

The FIT – known as the Conto Energia III – "still offers a high degree ofinvestment security, despite the moderate reductions made in line withcurrent market conditions," says EuPD Research in a research note announcing the reduction.

Funds allocated to solar electricity generated by open-space systems with acapacity up to 5 MW will be cut by 9.3% – on average – during the firstfour months of 2011, according to EuPD Research. Incentives for systemswith a capacity of 5 MW and greater will be decreased by 14.2%.Adjustments for rooftop systems are between 4.75% and 13.28%, dependingon the size of the system. Tariffs will be reduced every four months in2011.

"The new Conto Energia III clearly shows that an adjustment with a sense of proportion can also work in growth markets such as theItalian market," commented Markus A.W. Hoehner, CEO of EuPD Research."The fact that a sweeping cut of all tariffs is no longer underdiscussion and that the adjustments have been tailored to the individual market segments should be [welcomed]."

SOURCE: EuPD Research

Source