Clifford Chance
Clouds over the photovoltaic sector in Italy
11 March 2011
On 3 March 2011, Italy's President of the Republic signed the
definitive version of the decree that transposes Directive
2009/28/EC on the promotion of the use of energy from
renewable sources in Italy (the "Decree"). The Decree will come
into force on the date after it is published in the Official Gazette,
with publication expected shortly. The Decree varies significantly
from the draft version (described in our previous client briefing of
February 2011), which had been heavily commented by the
industry. The debate and opposition that the draft decree had
generated within the industry continues now, again led by energy
producers as well as other stakeholders such as institutional
lenders and some of Italy's regional and local governments.
In this Client Briefing, we summarise the main provisions of the
Decree, and discuss the options open to the participants in the
industry.
