The closely watched Italian solar market is only slightly relieved by the announcement that Italy will extend its current solar incentives until the end of August.
Italy's regional governments had said previously that they would seek less severe cuts to state incentives for the solar power sector, which were due to end in June. The regional leaders also rejected draft proposals from the government after a meeting today.
Environment Minister Stefania Prestigiacomo said they had also asked for an extension of the current incentives, not until the end of August, but until the end of 2011. The three-month extension until the end of August is under discussion.
The Italian government instituted policies to promote solar in its country, which despite its abundant sunshine, has to import 87% of its electricity. Solar installations in Italy took off—growing from just 60MW installed in 2007 to nearly 2GW in 2010.
Feed-in tariffs were expected to be reduced in June, which many thought would curtail the expected 4GW installed in 2011. An extension through August may send the market soaring through the summer months, though uncertainty may follow.
Investing in the future of energy is in all our long-term interests but, for those with foresight, the monetary returns could occur sooner than you think.
Friday, April 29, 2011
Wednesday, April 6, 2011
German Legal Overview
GERMAN LEGAL FRAMEWORK SOLAS POWER: log onto the German government website for details on the German FIT and legal framework see http://www.res-legal.de/en/search-for-countries/germany.html
Solas Power in negotiations with large EPC
Solas Power is in negotiations with a large EPC to built upwards of 20MW in Germany for the second half of 2011.
Tuesday, April 5, 2011
1MW Grid Connected Project For Sale - €4.3M
FOR SALE: 1MW Photovoltaic plant in Apulia, Italy. This project is already connected to the grid and has been awarded the 2010 tariff by GSE. The plant is fitted with LDK 220 modules, and SIAC-SIEL 250x4 inverters. The price is €4,300,000 and in case of interest an immediate meeting with the legal representative of the prospective buyer should be arranged who, upon positive outcome of the meeting, should deposit in escrow with a notary public a sum to be mutually agreed upon in order to obtain full documentation for the DD. It must be also noted that, due to the fact that the plant is already in operation, the time granted for the DD operations will very likely not exceed ten days.
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