Italy has grown to become the second largest photovoltaic market, with an installed capacity of 15.93 GW of photovoltaics, or 448,266 plants. To date, the country has channeled a total of 6.386 billion into the industry in the form of subsidies.
A further 2,961 plants worth 672.25 MW are currently in the register and will receive 71.8 million in subsidies. Thus, Italy has awarded 6.459 billion in solar subsidies, meaning just 241.32 million is available under the Conto Energia V.
On August 27, Italys newest Conto Energia, or renewable energy law came into play. At the time, many predicted that the 700 million made available under it would run out sooner than expected, with some believing that the coffers could be empty as early as Q1 2013.
According to GSE, under the Conto Energia V, 238 BIPV plants with innovative features worth 1.9 MW have been awarded 482,043 of solar subsidies; one CPV plant, worth 981 kW has been awarded 142,507; 102 plants which replaced an asbestos roof worth 1.6 MW have received 291,032; and 3,199 rooftop systems worth 14.2 MW have received 2.4 million.
Under the first register, in which all other plants must apply for a tariff, and which made 140 million in subsidies available, 682 photovoltaic plants worth 320 MW have been approved for 25.2 million of subsidies. A further 2,938 plants worth 645.6 MW, that are not yet in service, are set to receive 65.2 million.
Once the funding limit of 6.7 billion is reached, Italy will no longer pay out subsidies to photovoltaic plants.