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Italian solar flares
22 November 2010
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[Italy]
[Solar]
[Rovigo PV]
The feed-in tariffs for the next three years are in place and the uncertainty surrounding local permitting law is almost settled. Today, the Italian PV sector is by far the most buoyant project finance sector in Italy and the Italian market is by far the most buoyant PV market in Europe.
A flurry of large projects, interspersed with numerous 5MW to 15MW schemes, are reaching financial close across Italy. Most recently First Reserve reached financial close on the 70MW plant in Rovigo in Northern Italy.
Mark Florian, managing director at First Reserve, says: “Italy has a pretty good solar resource and has a good incentive regime. The feed-in tariffs of Eu35 cents per kilowatt hour plus the local merchant power pool price produce a healthy enough support mechanism for developers and investors to make a reasonable return on investment.”
The Rovigo financing follows on from the announced joint venture between...
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