March 1, 2011 / 3:12 PM / in 7 years

Italy min says renewable incentives to be renewed

ROME, March 1 (Reuters) - Italian government incentives for renewable energy production are set to be renewed by the government at a meeting on Thursday, Italy’s environment minister Stefania Prestigiacomo said on Tuesday.

“The incentives can only be confirmed,” environment minister Stefania Prestigiacomo said at a news conference.

Italy has been moving to redraw its system of production incentives to push it closer to the European Union’s clean energy targets.

Prestigiacomo said the ceiling of 8000 megawatts is a target the government had set itself to reach renewable goals.

“It is not a cap,” she said. (Reporting by Alberto Sisto)

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