16 Apr '12, 5am

Italy cuts FiTs in an effort to “balance” renewables growth: Italian officials have revealed details of draft pr...

The Government said the measures, which will particularly hit the country’s burgeoning PV sector, will “balance” renewable energy growth in the country. Amongst the proposals expected to come into force with the new law are cuts to Italy’s feed-in tariff (FiT), an annual installation cap, and the requirement for installations over 5MW to be put through a competitive bidding process. The Government said this week that the new Conto Energia will come into effect for solar when the €6 billion ceiling for the PV FiT is reached, which is expected to happen between July and October. However, for other renewable technologies, the new law will take effect from the start of 2013. Under the draft proposals, the FiT for both wind and solar is likely to see cuts. A 3kW rooftop PV installation could see its FiT reduced from 27.4 euro cents/kWh, to 23.7 euro cents/kWh, while a 200kW ins...

Full article: http://www.renewableenergyfocus.com/view/25145/italy-cuts...

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