Italian government has announced plans to cut photovoltaic and other renewable energy incentive subsidies to alleviate the burden on consumers of electricity.
Italian green energy incentive policy management agency GSE operations director GerardoMontanino said " new best pv inverter apacity this year might range over 1.5GW-2.5GW. due to the policy Changes for the department, so it is difficult to make very precise predictions. " at the PV conference which held in the northern Italian city .
Montanino said that so far this year, the number to apply for subsidies has decreased significantly, a lot of projects have been canceled which have been applied previously, indicating that this sector is still unstable.
The European Photovoltaic Industry Association (EPIA) expects 2012 Italian new PV installed capacity will reach 3GW to of 6 GW. Thanks to a special Act, the Italian PV installed capacity last year was the explosive growth, as was the world's fastest growing PV market. By the end of 2011, Italy, the cumulative PV capacity total 12.7GW.
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