The Italian energy authority has announced that FIT payments for photovoltaic generated electricity will cease on July 6 after the budget cap for incentives was reached on June 6.
The Autorita' per l'energia elettrica e il gas Aeeg said that the 6.7 billion (US$8.8 billion) limit has been reached and, in line with the solar subsidy legislation introduced in 2005, FIT payments will cease for all new installations from July 6 onwards.
According to Bloomberg, the Italian program prompted more than 526,000 photovoltaic projects amounting to more than 17 GW of total installed capacity with more than 727 MW being installed this year.
Italy is following fellow austerity-hit southern European countries with Spain and Portugal having halted their FIT regimes last year and with Germany also considering changes to its FIT regime following elections due in September.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: firstname.lastname@example.org.
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.