Italy: Further FIT cut claims disputed

There have been a number of unconfirmed media reports stating that the Italian Government was planning to introduce cuts of up to 30 percent for all energy companies, in order to make up the current deficit in the government’s household budget.

Reuters reported, however, that both the Ministries of Environment and Industry denied the claims and said that there were no plans for more renewable energy reductions.

This has also been confirmed to pv magazine by Carsten Steinhauer, a partner at the Italian McDermott Will & Emery Studio Legale Associato.

In an email he said: "Fortunately I can report that the proposal of further cuts (30 percent on all renewable energy incentives) was not pursued, and was already disclaimed by the Ministry yesterday [in a press release].

"It was a pure negotiation maneuver, which was never a serious prospect."

Currently, Italy is said to be preparing a draft of its 2011 to 2014 Household law. According to Reuters, the proposed restructuring package would help the government save around €47 million and offset its budget deficit by 2014.