Monday, May 28, 2012

UPDATE 2-Italy's Solar Growth Seen Slowing Sharply In 2012

Growth of solar power capacity in Italy, the world's second-biggest market, is expected to slow to 1,500-2,500 megawatts in 2012 after a 9,300 MW leap in 2011, due to a planned cut in incentives, a senior industry official said.

"It could be between 1,500 and 2,500 megawatts," Gerardo Montanino, director of operating division at GSE, Italy's green energy incentives management agency, said on the sidelines of a photovoltaic conference in northern Italy on Tuesday.

"It is very difficult to make more precise forecasts when the rules for the sector are changing," Montanino said.

The Italian government has announced a plan to scale back production incentives to the photovoltaic and other renewable energy this year to ease the burden on consumers, who pay for the industry support with their power bills.

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