Dates for new Italian FIT pushed back

Share

Analysts at Jefferies & Company Ltd have said that, according to their sources, Italy’s 3rd Conto Energia will be extended to August 31 instead of May 31, meaning that the new regulation would take effect on September 1, as opposed to June 1.

They say that the new regulation should have been signed today, and that there is a "modest upside" to the draft regulation, which was submitted last week.

In a Reuters report, Jean-Francois Meymandi, analyst at UBS Investment Bank, explains that the three-month extension would help some investors to complete their projects. However, it would not trigger any new investment in the sector.

"It does not make any change in terms of new installed capacity and it just consumes more of the budget allocated to solar energy," he states.

Meanwhile, the Jefferies analysts say that Italy’s regional governments have pushed for a number of amendments, including increasing the proposed tariffs, and raising the definition of small systems to one MW for both roof and ground-mounted systems.

They go on to say that extending the uncapped "small projects" to one MW qualifies an additional 1.5 to two gigawatts (GW) of photovoltaic installations. They add that the 200 kilowatt (kW) to one MW class is the largest at 36 percent of cumulative installations in the country to date.

Of the Save Alcoa declarations, continue the analysts, 50 percent, or 1.9 GW, comprise systems between 200 kW and one MW in size. Another 21 percent, or 809 MW, is one to five MW. Discounting 288 MW in this class, they say, which was already installed in the first quarter of 2011, there remains an incremental 1.5 to two GW that would qualify as uncapped "small projects".

Share

Related content

Elsewhere on pv magazine...

Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

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.