Italy sets solar incentives for 2013-16-source

Wed May 4, 2011 12:30pm GMT
 

ROME May 4 (Reuters) - Italy's draft renewable energy decree will leave the cost of government incentives to the solar sector at 1.36 billion euros ($2.01 billion) between 2013-16 with a capacity target of 9.7 gigawatts, an industry source said on Wednesday.

The draft decree will be presented in cabinet on Thursday after Environment Minister Stefania Prestigiacomo and Industry Minister Paolo Romani resolved a number of differences over the proposals.

The source, who has knowledge of the discussions surrounding the closely watched package of measures, estimated the decree would reduce incentives from levels contained in the previous programme by 22-30 percent in 2011, 23-45 percent in 2012 and by 10-45 percent in 2013.

A draft decree, which caps spending on Italy's generous solar incentives, has been circulating but differences of opinion on certain parts of the decree between the two ministries had slowed down signing the law off. (Reporting by Alberto Sisto)

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