Featured in Burning ambition – 09-2012

Profitable without subsidies

Italy: By mid-July, the limit had been reached – the energy agency Gestore dei Servizi Energetici’s official counter for the subsidy budget for photovoltaic installations had exceeded the €6 billion mark. Thus, the new Conto Energia V subsidy legislation will automatically enter into force at the end of August, bringing with it major cuts in the feed-in tariff for solar electricity.

Even though reaching the €6 billion cap means no more funding for the entire year, the Italian government will still provide another €700 million for Conto Energia V. According to Roberto Pera, Partner from Rödl & Partner in Rome, the key element of the new subsidy guidelines is a roughly 40% reduction in the feed-in …

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