Italian state-operated energy agency, GSE has told Reuters that photovoltaic module installations reached 173MW for the first 8-months of the year, taking the cumulative capacity to above 630MW. The agency expects its target of 900MW cumulative capacity for 2009 to be exceeded, though did not provide a new projected figure.
Based on GSE’s guidance, a further 300MW could actually be installed before the end of the year. Luca Benedetti, GSE’s Operating Director was quoted as saying that the rush in installations was expected to secure the existing incentives. Italy is expected to change its FiT system for 2010.
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Benedetti also said in the report that he expected the cumulative capacity target of 1.5GW to easily be reached in first half of 2010, should growth continue.
Since the 2007 FiT was introduced, GSE said that €220 million had been allocated to PV owners. The country was also on target to reach planned installations of 8.5GW by 2020.