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Is Italian solar in trouble?
24 May 2010
Italian PV solar projects face a period of uncertainty as the Italian government backs away from the most attractive feed-in tariffs in Europe. Can Italy avoid the vertiginous drop in development that Spain suffered? Paul Smith reports.
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[solar]
[PV]
Italy’s market operator GME stated to the EU in February that Italy will fall well short of its target to internally generate 17% of its energy using renewable sources by 2020 and will have to rely on importing around 25% of its renewable demand. Italy generates around 7% of its energy from renewable sources, and despite the recent boom in solar projects and the highest feed-in tariff in Europe during 2009/2010, lags well behind the installed photovoltaic capacity of Spain and Germany. According to GSE, under the new energy law, Conto Energia, Italy has 1042.9MW of photovoltaic solar plants in operation.
“The Italian PV sector has experienced very high growth in the past few months, as banks and developers have become accustomed to the Conto Energia introduced in 2007, but the growth has been slower than in the comparable period of attractive feed-in tariffs in Spain...
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