[ exact phrase in "" • ~10 sec • results by date ]

[ Google-powered • results by relevance ]

LOCATION/TYPE

News Home
Archive
RSS

Subscribe to RSS feed

Add NWW headlines to your site (click here)

Sign up for daily updates

Keep Wind Watch online and independent!

Donate $10

Donate $5

Selected Documents

All Documents

Research Links

Alerts

Press Releases

FAQs

Publications & Products

Photos & Graphics

Videos

Allied Groups

Italy Industry Minister: must realign renewable incentives  

Credit:  www.finchannel.com 31 March 2012 ~~

The FINANCIAL – The Italian government will cut subsidies to the country’s fast-growing renewable-energy sector, Industry Minister Corrado Passera said Saturday.

Publicly funded incentives for renewable energy have produced “excessive” investment in solar and wind power, distorting prices, Passera said.

According to Borsa Italiana – London Stock Exchange Group, the government will “realign” the scale of its incentives to match European levels, he said on the sidelines of a conference in this town north of Milan.

“Italy has important goals to meet and even surpass,” he said of European Union pledges to boost the supply of renewable energy in coming years.

“But we need to do so without over-reliance on taxpayer resources,” he added.

Italy’s incentive scheme, based on investment rebates, spurred a deluge of solar and wind projects. The additional capacity has undermined the profitability of traditional power plants at a time of stagnant demand, Paolo Andrea Colombo, chairman of former electricity monopoly Enel SpA, said on Friday.

Italy currently gets about 26% of its electricity from renewable sources, according to a study published this week by environment group Legambiente.

Source:  www.finchannel.com 31 March 2012

This article is the work of the source indicated. Any opinions expressed in it are not necessarily those of National Wind Watch.

Wind Watch relies entirely
on User Funding
Donate $5 PayPal Donate

Share:


News Watch Home

Get the Facts Follow Wind Watch on Twitter

Wind Watch on Facebook

Share

CONTACT DONATE PRIVACY ABOUT SEARCH
© National Wind Watch, Inc.
Use of copyrighted material adheres to Fair Use.
"Wind Watch" is a registered trademark.
Share

Wind Watch on Facebook

Follow Wind Watch on Twitter