Visit windpowermonthlyevents.com for the latest on our upcoming conferences and webcasts

Italy

Italy

Planned Italian incentive cuts meet protest

ITALY: Italian renewable energy associations are protesting over planned incentive cuts for wind and other renewable energy plants, which they warn could halt investments and endanger efforts to reach the country's 2020 objectives.

A draft decree covering incentives for wind, hydroelectric and biomass power — that could be finalised in February — foresees even worse conditions for the industry than those planned by Italy’s previous government.

The draft decree sets maximum annual spending for supporting non-solar renewable energy sources at €5-€5.5 billion compared to €6-€7 billion in an earlier draft, wind energy association ANEV and renewable associations APER and ANIE said in a joint letter.

The cash-strapped government has also set at 6MW the capacity threshold at which wind and other renewable plants would have to participate in competitive auctions for tariffs, ignoring renewable energy requests to raise the threshold to a minimum 50MW.

The latest legislation also sets a floor price equivalent to 50% of a base auction price, down from the 70% multiple previously foreseen. "The base price is already too low and then if you add this measure, you put the IRR at risk," said APER director Marco Pigni.  "We are a bit worried." 

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus
Only [DAYS_LEFT] days Subscribe Now

Left of your Windpower Monthly free trial

Your free trial Subscribe Now

to Windpower Monthly has expired

Windpower Monthly Events

Search more than 4,500 companies in the Windpower Directory

Latest Jobs