GREY:RCFEF - Post by User
Post by
toasted101on May 08, 2011 8:15pm
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Post# 18546794
No Cap on Rooftof Projects Helps RCFEF
No Cap on Rooftof Projects Helps RCFEFThe end of last week saw uncertainty removed regarding solar feed-in tariffs (FITs) in Italy
From The Street: "...Italy did increase the capacity on projects to not be put under its new solar spending cap from 200kw to 1 megawatt. Rooftop projects of up to 1 MW will be excluded from the new subsidy spending cap between June 2011 and Dec 2012, which does leave 'a wider loophole for project developers to skirt around the spending cap,' the Hapoalim Securities analyst said.
A Wells Fargo analyst quoted in the same story saw rooftop market opportunity. "There is no cap on rooftop projects up to 1 MW, which is a small market today but will likely develop over time."
This is all good news for RainChief and partner, Promotea.