With 46.9 MW of newly installed capacity, Italy registered its best month in two years despite having no large plants come online. Renewable energy association ANIE Rinnovabili says this year the country may record stronger growth due to renewed business investment incentives and new provisions regulating solar.
The German company has already secured project rights for PV projects with 200 MW of generation capacity. Another 100 MW should follow this month.
Foresight Solar and Infrastructure has celebrated encouraging returns from nine months of activity but that is down to acquiring existing solar assets with the nation’s ground mount sector in the doldrums since public subsidies were halted in April 2017.
The London-based developer revealed blockbusting annual figures which show it is debt free, has almost £20 million in the bank, raked in more than half that figure in net profits in 2018-19 and expects twice as much in a year’s time.
In a first disbursement, 41 smaller projects will be taken into the independent power producer’s portfolio. The Italian market appears to have been kicked back into life after announcements of generation capacity goals and with new large scale auctions planned for September.
Italy’s first floating PV installation is scheduled to be located at an artificial water basin in Brindisi, in the southern region of Apulia.
According to the new auction schedule approved by the Italian Ministry of Economic Development, three more renewables procurement exercises will be held each year in 2020 and 2021. Through the seven bidding rounds, the Italian authorities seek to allocate approximately 4.8 GW of new power generation capacity.
After the bombshell news this week, the Italian inverter manufacturer’s CEO spoke to pv magazine about the future of ABB’s R&D hubs, manufacturing sites, hundreds of employees and of course Fimer’s outlook.
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