Italian FIT payments to stop in July24. June 2013 | Applications & Installations, Global PV markets, Industry & Suppliers, Markets & Trends | By: Max Hall
Subsidy limit of €6.7 billion has been passed triggering a halt to future FIT payments from a point one month after the limit was reached. Italy is the third EU member state to halt its solar incentives.
The Autorita' per l'energia elettrica e il gas – Aeeg – said that the €6.7 billion (US$8.8 billion) limit has been reached and, in line with the solar subsidy legislation introduced in 2005, FIT payments will cease for all new installations from July 6 onwards.
Italy is following fellow austerity-hit southern European countries with Spain and Portugal having halted their FIT regimes last year and with Germany also considering changes to its FIT regime following elections due in September.
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