Italy to Cut Solar Incentives by 18 percent in 2011
As its third-largest solar producer, Italy has been one of the most successful supporters of solar energy in the EU. Currently, Italy boasts a PV capacity of 1,160 megawatts. Part of Italy’s success in solar energy has been due to government solar incentives that have helped solar firms such as TerniEnergia and ErgyCap build a robust PV business throughout Italy.
That being said, Italy is planning solar incentive cuts that are likely to be around 18 percent and take effect in 2011. While this is a significant cut to solar incentives, it is still less than the original proposed solar incentive cuts of up to 25 percent in 2011 and 6 percent annually in 2012 and 2013. These more drastic cuts were announced in May by the operating director of GSE, Italy’s state energy management agency. However, Industry Ministry Undersecretary Stefano Saglia claims that there will be no further solar incentive cuts beyond next year’s 18 percent.
Other countries cutting solar incentives: