Italian Renaissance ver. 2.1: PV Solar Systems - iSuppli
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Price: $3.17 -2.16%
Overall Analyst Rating:
BUY (= Flat)
Dividend Yield: 1.1%
Revenue Growth %: -34.6%
Overall Analyst Rating:
BUY (= Flat)
Dividend Yield: 1.1%
Revenue Growth %: -34.6%
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According to iSuppli, Italy is about to have another renaissance...this time the focus is on photovoltaic (PV) modules and sun rather than landscapes and oil paintings.
But the implications are still there.
iSuppli, an IHS, Inc. (NYSE: IHS) company, said that, based in interviews with "leading project developers and energy performance contractors in Italy," the country will be installing 975-megawatts of PV solar systems in Q410, nearly double the 487-MW installed in Q310.
The number is a staggering 239% increase from the 288-MW installed in Q409.
iSuppli says, "This fourth-quarter surge will cause installations in 2010 to rise to 1.9-gigawatts (GW), up 100% from 720-GW in 2009."
One commenter said that the rapid rise in installations is to take advantage of government subsidies, which are set to expire soon.
Specifically, PV systems installed, operational, and connected to the grid by June 30, 2011, will still be able to benefit of the 2010 feed-in tariff (FIT) tariff of Italy’s Second Conto d’energia.
Risks include changing the FIT more quickly than anticipated, though most anticipate that this is unlikely to happen prior to Q311.
Additionally, "official data from the state-run power management agency GSE could be delayed by as much as six months, resulting in the deferral of any formal assessment that would lead to FIT adjustments." Local governments could limit the amount of land use for solar purposes, and a grid connection in Southern Italy may prove more challenging than in other regions.
Stocks to note as Italy progresses to a cleaner, greener future include:
But the implications are still there.
iSuppli, an IHS, Inc. (NYSE: IHS) company, said that, based in interviews with "leading project developers and energy performance contractors in Italy," the country will be installing 975-megawatts of PV solar systems in Q410, nearly double the 487-MW installed in Q310.
The number is a staggering 239% increase from the 288-MW installed in Q409.
iSuppli says, "This fourth-quarter surge will cause installations in 2010 to rise to 1.9-gigawatts (GW), up 100% from 720-GW in 2009."
One commenter said that the rapid rise in installations is to take advantage of government subsidies, which are set to expire soon.
Specifically, PV systems installed, operational, and connected to the grid by June 30, 2011, will still be able to benefit of the 2010 feed-in tariff (FIT) tariff of Italy’s Second Conto d’energia.
Risks include changing the FIT more quickly than anticipated, though most anticipate that this is unlikely to happen prior to Q311.
Additionally, "official data from the state-run power management agency GSE could be delayed by as much as six months, resulting in the deferral of any formal assessment that would lead to FIT adjustments." Local governments could limit the amount of land use for solar purposes, and a grid connection in Southern Italy may prove more challenging than in other regions.
Stocks to note as Italy progresses to a cleaner, greener future include:
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