CIG: Italy hopes to unveil new solar incentives in April.

March 25, 2010 - PRLog -- Numerous delays in the presentation of Europe’s third largest solar power markets incentive scheme, expected since the beginning of the year, have raised investor concerns, CIG has learned, and added volatility to shares in Italian solar firms like ErgyCap and TerniEnergia.

The Italian Industry Ministry undersecretary has recently announced that technical details of the new incentive scheme had been agreed by his ministry and experts from the environment and culture ministries.

CIG understands however that the scheme is still awaiting approval from the state body responsible for relations between central government and regional administrations.

The undersecretary told reporters that he hoped a conference on the scheme would be called directly after regional elections in late March.

He went on to say that his nation’s new incentives would remain “the most generous in Europe” with planned cuts in support for the solar energy sector expected to be marginally below the reduction in solar panel costs, adding that the scheme would include a progressive cut of between 5% and 6% in incentives “in 2011, 2012 and 2013 with bigger cuts for large scale projects.”

Italy’s solar energy sector has seen massive growth since 2007 when the current scheme was launched, which included such investors as classic sport car maker Ferrari. The present incentive scheme is set to expire at the end of this year, CIG was informed.

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