The return of incentives for solar PV in Italy

9/2/19, 10:57 AM -

In one of its final deliberations the outgoing Italian government signed a ministerial decree – known as the FER1 decree – that sets new incentives for renewable energy sources with a total of 5.8 billion euros.

It is expected that the new incentives will unlock investments of 10 billion euros.
It is expected that the new incentives will unlock investments of 10 billion euros.

A full six years after the introduction of its latest incentive system (the 5th Conto Energia), solar PV in Italy will once again receive incentives alongside other renewable sources including onshore wind, hydroelectric and biogas. The new arrangement will run through September 2021 and sets aside 5.8 billion euros of new incentives.

Premium for self-consumption and the removal of asbestos roofing

The incentives will support new and repowered plants with a tariff between 105 €/MWh and 70 €/MWh for the next 20 years, with a premium of 10 €/MWh for self-consumption and 12 €/MWh for the removal of asbestos roofing.The first auction at which requests for the incentives can be made is set for 30 September 2019.

The Italian government said it expected that the FER1 decree will help finance the construction of new plants with a total capacity of 8,000 MW, boosting renewable energy production by 12 billion kWh and unlocking estimated investments of €10 billion.

Speed up the full set of investment opportunities

„Incentives alone, however, won’t be enough to reach the ambitious target of 55 GWp of PV new power plants by 2030 set in Italy’s National Energy & Climate action Plan”, Frederico Brucciani, general secretary of the Italian Solar Association, ITALIA SOLARE, says.

To get up to speed on the full set of investment opportunities in the Italian solar PV market, ITALIA SOLARE is hosting an international seminar “Invest in the Italian Solar PV market”, which will take place in London, on 6th September 2019. (HCN)

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