Is Italy pulling the rug out from under solar power producers? It seems like they may be.
Previously, Italy had offered plush incentives to solar operators as it ramped up quotas and incentives for overall solar production.
Now, Reuters reports, the Italian government is changing its renewable energy incentives in solar to apply only to photovoltaic plants that are on the grid by this May. Previously, companies had until 2013. Another program is being created for solar plants that get on line after the May deadline, but it’s expected to be much more limited than the original plan.
To learn more about industrial power generation, check out Power and Composite Technologies: www.pactinc.com
