Italian PV market growth will "slam the brakes"

An ltalian senior industry official said, with the impact of PV

subsidy reducing, Italy, the world's second largest PV market, 2012

new PV capacity will decline to over 1.5GW-2.5GW, decreased

significantly compared to 9.3GW in 2011.

Italian green energy incentive policy management agency GSE

operations director GerardoMontanino said " new PV capacity this year

might range over 1.5GW-2.5GW. due to the policy Changes for the

department, so it is difficult to make very precise predictions. " at

the PV conference which held in the northern Italian city .

Italian government has announced plans to cut photovoltaic and other

renewable energy incentive subsidies to alleviate the burden on

consumers of electricity.

Montanino said that so far this year, the number to apply for

subsidies has decreased significantly, a lot of projects have been

canceled which have been applied previously, indicating that this

sector is still unstable.

The European Photovoltaic Industry Association (EPIA) expects 2012

Italian new PV installed capacity will reach 3GW to of 6 GW. Thanks

to a special Act, the Italian PV installed capacity last year was the

explosive growth, as was the world's fastest growing PV market. By

the end of 2011, Italy, the cumulative PV capacity total 12.7GW.