The regulatory framework for solar photovoltaic plants in Italy is constantly evolving. Plant owners, asset managers and investors need to stay informed in order to adapt to developments in this sector and avoid adverse outcomes. The following highlights the key updates in this market in the last 12 months.
Italian Decree on the Cut of Incentives for Photovoltaic Plants Enters into Force
by Carsten Steinhauer, Sabine Konrad, Anna Vesco, Arne Fuchs and Riccardo Narducci
On 25 June 2014, Law Decree no. 91 /2014 (the “Decree”) regarding among others “urgent measures … for the limitation of costs applied to electricity prices” has entered into force. The Parliament has now 60 days to confirm and convert the Decree into law—possibly with amendments—or to repeal it. A repeal is unlikely, considering that these measures are politically strategic to the Renzi Government, which has invested its credibility in the reduction of electricity bills for small and medium-sized enterprises through a reduction in the annual cost of PV incentives. Please click here to read the full article.
Webinar: Power Purchase Agreements in European Markets
On Wednesday, November 7, 2012, McDermott Will & Emery energy lawyers conducted a webinar discussing key issues and risks in power purchase agreements as European markets transition away from feed-in tariffs to market-based concepts.
- The move from feed-in tariffs to power purchase agreements
- Typical business models and transaction structures
- Regulatory challenges
- Key contract clauses and risk distribution
Please click here to download the slide presentation with audio.
Please click here to download only the slide presentation materials.