Italy

Italy

Italian government prepares incentives revamp

ITALY: The Italian government is preparing to revise the incentive scheme for wind farms and replace its green certificate system with a feed-in tariff (Fit).

Italy’s ministry for economic development said renewable energy plants up to 5MW that begin operations on or after January 1, 2013 would be rewarded with a fixed incentive price set according to project size and the renewable energy source.   

Larger facilities will have to participate in a competitive bidding process favouring those projects seeking a lower incentive payment.  

The draft law stipulates the incentive tender process will be run by state energy management agency Gestore dei Servizi Energetici (GSE).

Barbetti thinks there will be a maximum and minimum price set for bids and that the tenders will be held periodically.   

Just how the tender process will work and other details of the incentive scheme will largely be left to follow-up legislation, which must be enacted within 12 months of the law’s approval.

Under the draft law, green certificates will continue to be issued through 2015 and those that are online by 2012 when they will be transferred to the Fit system. 

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