Is Italys Conto Energia V pointless?
Last Thursday, one could see that €5.995 billion worth of photovoltaic funding had been reached on Italian energy agency, Gestore dei Servizi Energetici’s (GSE’s) official counter. At this point the Conto Energia IV expired. After a 45-day transition period, the Conto Energia V, which was finally approved by Ministers in early July, is scheduled to come into force on August 27.
All photovoltaic systems that are grid connected during the transition period are supposed to receive the feed-in tariff rates under the Conto Energia IV. However, already on Monday, GSE’s counter had increased to €6.06 billion and a newly installed capacity of 213 MW was recorded, according to Dirk Morbitzer from Renewable Analytics. As such, these plants’ tariffs, will have to be deducted from the €700 million made available under the Conto Energia V.
Commenting, Carlo Zucchino, president of Solectric srl., the Italian branch of Orange Solar GmbH, said that when you see the growth over the past few months, it is apparent that around €13 million to €15 million worth of solar funding is being consumed daily. His worry is that the funding limit allocated under the new Conto Energia could already be reached by the end of August. If this happens, the €140 million required for the first register will not be available, which was supposed to support photovoltaic systems over 12 kW in size.
Morbitzer further fears that the brakes will be applied to the Italian market. “The impact would be more devastating than the EEG discussion in Germany,” he said. The only way to avoid this happening, is if the Italian Government quickly plans and adopts the Conto Energia VI, in order to safeguard the security of investors.
Translated and edited by Becky Beetz.
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[…] These figures confirm that the average growth trend of the Italian solar market, around 30 MW per month, remained almost unchanged over the past three years. Last year’s record performance, which was of around 409 MW, included the usual 30 MW per month plus another 66 MW of “grid-parity” projects that were connected to the grid in central Italy. If no more projects of this kind will be finalized in Italy this year, it will be very likely that growth in 2018 will range between 300 MW and 360 MW, as in previous years, in which the market was mainly driven by the Italian regulation for self-consumption, the so-called SEU framework, which has been key to Italy’s solar development since the feed-in tariff (FIT) scheme, Conto Energía was closed. […]