As it continues to consolidate, the Spanish solar power company is on track to expand its PV portfolio.
A report published by the Energy and Strategy Group at the Polytechnic University of Milan forecasts that a further 4.4 GW of renewable energy generation capacity could be installed in Italy in the period 2017-2020. Solar and wind are expected to have the largest share.
In the country’s new energy strategy, the Italian government is planning to phase-out coal power plants starting 2025, and to support utility-scale PV projects through long-term PPAs.
The Italian fund announced the closing of its third financing round. To date, the fund has raised approximately €210 million.
The project is the initial stage of an organic reform of the Italian ancillary services market, which is expected to be implemented in accordance with the European balancing code.
The new rules will apply to the country’s 20 minor islands that have no connection with the national grid. Solar installation will be entitled to receive a premium tariff for both injected and self-consumed power.
The Italian Revenue Agency has finally made clear that PV systems must be considered movable property. As a result, solar modules and other components installed in PV installations can now be depreciated by applying a coefficient of 9% instead of 4%.
The Italian energy agency GSE forecasts that a further 1.5 of PV capacity will be installed by 2020. Good business opportunities are also expected to come from the storage sector.
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