Italy to implement further FIT cuts

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It has been said that tariffs for solar electricity generated by open-space systems with a capacity up to five megawatts (MW) are to be cut by 9.3 percent, on average, during the first four months of next year; incentives for systems with a capacity of five MW and more will be decreased by 14.2 percent. The adjustments for rooftop systems are said to be between 4.75 percent and 13.28 percent depending on the size of the system.

Nevertheless, EuPD said that the Conto Energia III still offers a "high degree" of investment security, despite the "moderate reductions" made in line with current market conditions.

It was not until the official entry in the Italian Gazzetta Officiale that the third revised amendment of the Italian law on the funding of solar energy, the Conto Energia, came into effect, continued EuPD. In May of this year, the Italian government "paved the way" for the introduction of simpler permit processes nationwide; a step which it was said facilitated the enactment of the amendment. It added that although initial plans saw funding being curbed across the board by 30 percent, cutbacks are now to be more differentiated than expected.

The most important points of the new Conto Energia III, according to EuPD, allow for the following amendments to the remuneration of solar electricity:

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