Although it was reported at the start of the week that the Italian Government had until April 30 to come up with a new decree, it seems as though a decision will be reached much sooner. The changes, however, will still come into play on June 1.
During a meeting between the Industrial Commission and the Senate, Paolo Romani, Italian Minister for Economic Development said that he will meet with industry operators from the PV sector this Friday. The aim of the meeting is to reportedly create a regulation, which gives certainty to the sector, so that banks, PV companies and manufacturers have the opportunity to invest.
The changes to Italy's tarifffs will not be implemented without effects to the global PV market. Renewable Analytics analyst, Dirk Morbitzer has said that already within one week the spot market price for silicon has fallen by seven percent; consequently, module prices were also affected.
Furthermore, in a report on Monday, Götz Fischbeck, senior equity analyst for PV stocks at BHF Bank AG, said he expects to see a clear weakening of the demand for PV components. He stated: "All cell and module manufacturers, as well as wholesalers and project developers will immediately be negatively impacted by this political decision.
"Yet, as demand in Europe for PV components is bound to slow down significantly on the back of these decisions, we believe that also the order intake of the PV equipment suppliers will see a strong decline from the second quarter of 2011 onwards."
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: email@example.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.