More than half of Italy’s installed solar capacity is subject to a new law that requires plant owners to pay the country’s government an increase in profits resulting from high electricity prices, according to a board member of trade body Italia Solare.
A new policy in Italy that claws back the profits of solar PV projects will undermine investor confidence and jeopardise the European Union’s clean energy transition, a group of trade associations, including SolarPower Europe, has warned.
Proposed changes to California’s net metering (NEM) incentive programme will severely reduce residential PV’s value proposition in the state, cutting its solar market in half by 2024, Wood Mackenzie has warned.
Italy’s government will limit the windfall profits of some feed-in tariff-backed solar PV projects that have been able to benefit from rising energy prices.
President Joe Biden believes he can win support for the energy and environmental initiatives included in his Build Back Better (BBB) Act, saying he is confident of getting “big chunks” of the US$1.75 billion legislation signed into law.
US President Joe Biden’s Build Back Better Act, which contains a plethora of policy mechanisms in support of solar and energy storage, would appear to still be at a deadlock after Democrat Senator Joe Manchin said there were “no negotiations going on”.
Around 5.3GW of solar was installed in Germany last year, however the trade body has warned that additional barriers will need to be “torn down” if the new German coalition government’s target of 200GW of operational solar capacity by 2030 is to be met.
With Democrats needing to come up with revised legislation to salvage President Joe Biden’s US$1.75 trillion Build Back Better Act, renewable energy provisions should be prioritised to accelerate decarbonisation efforts, writes Jules Scully.
US-based solar tracker manufacturers have welcomed the inclusion of domestic manufacturing incentives for tracker components included in a draft version of the country’s Build Back Better (BBB) bill, saying the proposed measures would drive job creation.
US Senator Joe Manchin, a Democrat who is key to passing President Joe Biden’s US$1.75 trillion Build Back Better Act (BBB), said yesterday (Sunday) he will not support the package, which he claimed would "risk the reliability" of the country's electric grid.
