IMPACT OF FiT ON DEVELOPMENT OF ITALIAM PV MARKET
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IMPACT OF FiT ON DEVELOPMENT OF ITALIAM PV MARKET 1st PV MED CONFERENCE Catania, October 6th, 2005 PowerPoint PPT Presentation


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IMPACT OF FiT ON DEVELOPMENT OF ITALIAM PV MARKET 1st PV MED CONFERENCE Catania, October 6th, 2005. PV Market Today A Disaster Drastic Change of Scenario in 3Q05 FiT approved PV Market Tomorrow A brilliant future. SUMMARY OF PRESENTATION. A Young Market

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IMPACT OF FiT ON DEVELOPMENT OF ITALIAM PV MARKET 1st PV MED CONFERENCE Catania, October 6th, 2005

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Impact of fit on development of italiam pv market 1st pv med conference catania october 6th 2005

IMPACT OF FiT ON DEVELOPMENT OF ITALIAM PV MARKET

1st PV MED CONFERENCE

Catania, October 6th, 2005


Summary of presentation

PV Market Today

A Disaster

Drastic Change of Scenario in 3Q05

FiT approved

PV Market Tomorrow

A brilliant future

SUMMARY OF PRESENTATION


The italian pv market

A Young Market

Net Metering permitted only since Dec. 2000

Subsidy Programme launched in 2001

Managed by Min.Env./ Regions

Grants up to 75% of Investment Costs

Max PV Price fixed (7,25 – 8,00 €/W)

No Installations made in 2001

First Installations in 2002

New Subsidy Programme launched in 2002

THE ITALIAN PV MARKET


The pv market today

Stagnant Market

5 MW per Year

Large Gap towards Germany

5 MW/y vs. 336 MW/y in 2004

Uncertainty for future Subsidies

No longer Rooftop Program

No Government Subsidies

Strong interest versus Renewable Energies

No Future for PV

THE PV MARKET TODAY


Pv development in italy

PV DEVELOPMENT IN ITALY


Where we are

Law 387 on RE approved in Dec 2003

Feed-in Tariff Incentive established

“Incentive Tariff which allows remuneration of investment costs”

Feed-in Tariff Start-up linked to two decrees

Ministry for Industry Decree (by August 15th 2004)

Electricity Authority Guidelines (by May 15th 2004)

MI Decree approved on August 5th 2005

EA Guidelines issued on Sept 15th

Development of FiT started on Sept 30th

WHERE WE ARE?


Advantages of feed in tariff

Appropriate Tool to stimulate Industrial Investments

Adequate Return on Capital Employed

No Financial Burden for Government

No Bureaucratic constraints

Clear Financing Rules

Easy Access to Credits / Bank System

One unique set of rules for Whole Market

Plant Performance becomes Driving Force

ADVANTAGES OF FEED-IN TARIFF


Advantages of fit cont d

Market Exploitation expected in spite of critical points

Great Attention towards PV

Development of full PV Chain

Modules Assembling Factories

Quality of Service key selling point

ADVANTAGES OF FiT (cont.d)


Fit criteria

FiT UsersIndividuals

Registered Companies

Pubblic Bodies

PV Plant Size> 1 kWp<1.000 kWp

TariffsPlant Size, kWp Tariff, €/kWh

< 20 kWp0,445

> 20 kWp < 50 kWp0,460

> 50 kWp < 1.000 kWp 0,490

Tariff Duration 20 Years

Tariff Degression2%/Year from 2007 on

Tariff UpdateTight to Inflation Rate yearly

FiT CRITERIA


Fit criteria cont d

Electricity ValuePlant Size, kWpValue, €/kWh

< 20 kWpNet Metering

> 20 kWp < 1.000AEEG 34/05

Tender Mechanismfor Plants > 50 kWp

Bank Guaranteefor Plants > 50 kWp

Maximum PV PowerPlant Size, kWpPower, MWp

< 50 kWp60

> 50 kWp < 1.00040

FiT CRITERIA (cont.d)


Fit criteria cont d1

FiT RequestBy end of quarter

DocumentationPreliminary Project

Technical Memorandum

Tariff CompatibilityYes with incentives from Local Bodies up to 20% investment

No with Green Certificates

Body for FiT ManagementTo be designated by Energy Authorityon Sept 18th

FiT CRITERIA (cont.d)


Fit critical points

Modest Power Target100 MWp

Will be increased to 300 MWp

Further Increase committed by Ministry of Industry

BIPVNo special tariff

FiT Request ProcessTime consuming

Tender ProcessIt favours utility companies

Hybrid SystemMay generate conflict with local Utility

FiT CRITICAL POINTS


The preliminary 3q results

Strong Interest towards PV

Very large number of FiT requests

More than 4.000

Most likely 100 MWp

No information available on split between

small plants (to be installed by 2006)

large plants (to be installed by 2007)

Most likely 50/60 MWp will be installed in 2006

THE PRELIMINARY 3Q RESULTS


Conclusions

FiT incentive right tool to exploit PV Market

Great PV Market Growth expected

500% in 4 Years

Net Jobs created mainly in Sicily

Quality of Service mandatory

CONCLUSIONS


Impact of fit on development of italiam pv market 1st pv med conference catania october 6th 2005

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