Countries in Europe have been deducting solar incentives to try to control installations.Germany seeks to limit new installations to 2.5-3.5GW per year while Italy's aim is 1-2GW annually.The UK,which recently postponed incentive cuts to August,hopes installation growth will be 600MW-1GW every year.
The incentive cuts initiated by governments in Europe has led the market to believe that in the next 2-3 years,annual installations of solar PV systems in Europe will be around 10GW.The market also predicts Europe's share of the global solar market will decrease from the current figure of 55%.
The global solar market has been waiting for the government in Italy to announce the fifth version of Conto Energia,the country's renewable energy bill.Industry sources noted that previously only solar PV system projects at the size of 1GW had to be registered but now the government has lowered this requirement to 12kW.This gives the government more control over the development of its solar industry,added industry sources.
Other countries in Europe,such as Spain,have stopped providing incentives,and countries like the Czech Republic and France have low incentives that are unlikely to stimulate large quantities of demand.
