Canaccord Genuity Morning Coffee on First Solar (FSLR), SunPower (SPWR) and Suntech Power (STP): Incentives No Longer in Fashion?
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Price: $214.06 -3.75%
Rating Summary:
37 Buy, 18 Hold, 4 Sell
Rating Trend:
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Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
Rating Summary:
37 Buy, 18 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
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Canaccord Genuity Morning Coffee on First Solar (Nasdaq: FSLR), SunPower (Nasdaq: SPWR) and Suntech Power (NYSE: STP): Incentives no longer in fashion?
Reuters reported Wednesday that Italy will cut incentives for solar power generation this year as part of a new support scheme due to be approved in April as the government moves to lighten power bills for consumers, citing sources close to the matter. The decree, which would replace the present scheme, aims to cut incentives for large-scale PV installations which generate power beyond self-consumption needs while supporting small and large plants which generate power to satisfy the needs of power producers, one source said. Italy is the world's second-largest solar market, only behind Germany. The Italian solar market has boomed since 2007 when the government boosted production subsidies. With 9,000 MW of new installed capacity in 2011, Italy was the fastest-growing solar market in the world last year. Italian operators now say talk of a change in the support scheme has left the solar industry in disarray. Highlighting that banks are suspending financing of solar power projects while clients are scrapping orders.
Reuters reported Wednesday that Italy will cut incentives for solar power generation this year as part of a new support scheme due to be approved in April as the government moves to lighten power bills for consumers, citing sources close to the matter. The decree, which would replace the present scheme, aims to cut incentives for large-scale PV installations which generate power beyond self-consumption needs while supporting small and large plants which generate power to satisfy the needs of power producers, one source said. Italy is the world's second-largest solar market, only behind Germany. The Italian solar market has boomed since 2007 when the government boosted production subsidies. With 9,000 MW of new installed capacity in 2011, Italy was the fastest-growing solar market in the world last year. Italian operators now say talk of a change in the support scheme has left the solar industry in disarray. Highlighting that banks are suspending financing of solar power projects while clients are scrapping orders.
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