Italy Reduces Solar Incentives

The Italian Conferenza Stato e Regioni – the country's committee of representatives and the central government – plans to adjust national feed-in-tariff (FIT) levels. The new levels will take effect Dec. 31.

The FIT – known as the Conto Energia III – ‘still offers a high degree of investment security, despite the moderate reductions made in line with current market conditions,’ says EuPD Research in a research note announcing the reduction.

Funds allocated to solar electricity generated by open-space systems with a capacity up to 5 MW will be cut by 9.3% – on average – during the first four months of 2011, according to EuPD Research. Incentives for systems with a capacity of 5 MW and greater will be decreased by 14.2%. Adjustments for rooftop systems are between 4.75% and 13.28%, depending on the size of the system. Tariffs will be reduced every four months in 2011.

‘The new Conto Energia III clearly shows that an adjustment with a sense of proportion can also work in growth markets such as the Italian market,’ commented Markus A.W. Hoehner, CEO of EuPD Research. ‘The fact that a sweeping cut of all tariffs is no longer under discussion and that the adjustments have been tailored to the individual market segments should be [welcomed].’

SOURCE: EuPD Research

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