Italy approves draft solar regulation

Share

The news agency states that it obtained its information from a government source. It adds: "The environment and industry ministers reached a deal this week after disagreements slowed down the signing of the decree, which has been in the works over the last couple of months."

As of yet, no other information appears to be available. Click here to read the full Reuters report.

The specifics

Under the final draft regulation, the cap for large systems in the second half of this year has been lowered to 1.2 GW, and €300 million, as opposed to the 1.35 GW and €447 million laid out in the previous draft regulation. Meanwhile, in 2012, it has been lowered to 1.49 GW and €280 million, instead of the 1.75 GW and €373 million.

Furthermore, 2013 will see the market sale of solar electricity eliminated, and the country’s 2016 solar target will be raised from eight gigawatts to 23.

Feed-in tariff premiums, on the other hand, will be cut by between 28 and 42 percent in the second half of 2011. However, as analysts at Jefferies & Company Inc. point out, the cuts, when including the market sale of electricity at approximately €0.08 per kilowatt hour, actually work out at between 23 and 33 percent in the second half of the year, and just 12 to 15 percent in 2012.

As was reported yesterday, the industry is getting restless in its wait for the new Conto Energia to be signed. Maybe now Italy’s government has agreed on the final draft regulation, the changes can finally be put into motion.

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Your email address will not be published.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.