Italy’s retroactive PV cuts are theft, claims Photon Energy

Facebook
Twitter
LinkedIn
Reddit
Email

Italy’s proposed retroactive cuts on its solar feed-in tariff are a form of theft, according to Photon Energy.

In a proposal from the Ministry of Economic Development dated 5 June, PV projects over 200kW and subscribed to the FiT will be asked to accept one of two changes. They can extend the term of their FiT payments from 20 to 24 years, effectively thinning them out or take a straight 10% cut. The level of the cut was later revised to 8%.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

Parliament has 60 days from the date of publication to decide on the proposals.

Photon Energy called the action a “kleptomaniac decision” and accused the European Commission of not doing enough to prevent such measures.

“The European Commission is not only letting it happen but is instrumental in removing Bilateral Investment Treaties between EU member countries, which have traditionally been a last line of defence for investors,” said Georg Hotar, CEO, Photon Energy.

“To add insult to injury, we are invited to choose the method of execution for our investments,” added Hotar.

“Investors, together with a plethora of Italian and international banks, have deployed some €50 billion (US$68.3 million) in good faith and are now the victims of a highly irresponsible government,” he said.

The plans have been called “illegitimate” and legal action remains a possibility.

Read Next

September 17, 2025
US renewables developer Longroad Energy has reached financial close for its 400MW 1000 Mile solar project in the US state of Texas.
September 17, 2025
Spanish renewables developer and operator Acciona Energía has commissioned its 412MWp Juna solar PV plant in Kawani village in the western state of Rajasthan. 
September 17, 2025
Spanish IPP Velto Renewables has acquired a portfolio of 53 operational solar assets in Spain with a combined capacity of 260MW.
September 17, 2025
Struggling Swiss solar manufacturer Meyer Burger has formally entered into a debt moratorium, with the possibility of rescuing the entire group now looking unlikely.
September 17, 2025
Nexamp has secured US$350 million through a long-term financing facility to expand its 6GW utility-scale solar and battery storage pipeline in the US. 
September 17, 2025
Chinese module producer DAS Solar is planning a 5GW manufacturing facility focused on producing high-efficiency back contact cells.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines
Solar Media Events
October 7, 2025
San Francisco Bay Area, USA