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IMPACT OF FiT ON DEVELOPMENT OF ITALIAM PV MARKET 1st PV MED CONFERENCE Catania, October 6th, 2005

IMPACT OF FiT ON DEVELOPMENT OF ITALIAM PV MARKET 1st PV MED CONFERENCE Catania, October 6th, 2005. PV Market Today A Disaster Drastic Change of Scenario in 3Q05 FiT approved PV Market Tomorrow A brilliant future. SUMMARY OF PRESENTATION. A Young Market

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IMPACT OF FiT ON DEVELOPMENT OF ITALIAM PV MARKET 1st PV MED CONFERENCE Catania, October 6th, 2005

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  1. IMPACT OF FiT ON DEVELOPMENT OF ITALIAM PV MARKET 1st PV MED CONFERENCE Catania, October 6th, 2005

  2. PV Market Today A Disaster Drastic Change of Scenario in 3Q05 FiT approved PV Market Tomorrow A brilliant future SUMMARY OF PRESENTATION

  3. A Young Market Net Metering permitted only since Dec. 2000 Subsidy Programme launched in 2001 Managed by Min.Env./ Regions Grants up to 75% of Investment Costs Max PV Price fixed (7,25 – 8,00 €/W) No Installations made in 2001 First Installations in 2002 New Subsidy Programme launched in 2002 THE ITALIAN PV MARKET

  4. Stagnant Market 5 MW per Year Large Gap towards Germany 5 MW/y vs. 336 MW/y in 2004 Uncertainty for future Subsidies No longer Rooftop Program No Government Subsidies Strong interest versus Renewable Energies No Future for PV THE PV MARKET TODAY

  5. PV DEVELOPMENT IN ITALY

  6. Law 387 on RE approved in Dec 2003 Feed-in Tariff Incentive established “Incentive Tariff which allows remuneration of investment costs” Feed-in Tariff Start-up linked to two decrees Ministry for Industry Decree (by August 15th 2004) Electricity Authority Guidelines (by May 15th 2004) MI Decree approved on August 5th 2005 EA Guidelines issued on Sept 15th Development of FiT started on Sept 30th WHERE WE ARE?

  7. Appropriate Tool to stimulate Industrial Investments Adequate Return on Capital Employed No Financial Burden for Government No Bureaucratic constraints Clear Financing Rules Easy Access to Credits / Bank System One unique set of rules for Whole Market Plant Performance becomes Driving Force ADVANTAGES OF FEED-IN TARIFF

  8. Market Exploitation expected in spite of critical points Great Attention towards PV Development of full PV Chain Modules Assembling Factories Quality of Service key selling point ADVANTAGES OF FiT (cont.d)

  9. FiT Users Individuals Registered Companies Pubblic Bodies PV Plant Size > 1 kWp <1.000 kWp Tariffs Plant Size, kWp Tariff, €/kWh < 20 kWp 0,445 > 20 kWp < 50 kWp 0,460 > 50 kWp < 1.000 kWp 0,490 Tariff Duration 20 Years Tariff Degression 2%/Year from 2007 on Tariff Update Tight to Inflation Rate yearly FiT CRITERIA

  10. Electricity Value Plant Size, kWp Value, €/kWh < 20 kWp Net Metering > 20 kWp < 1.000 AEEG 34/05 Tender Mechanism for Plants > 50 kWp Bank Guarantee for Plants > 50 kWp Maximum PV Power Plant Size, kWp Power, MWp < 50 kWp 60 > 50 kWp < 1.000 40 FiT CRITERIA (cont.d)

  11. FiT Request By end of quarter Documentation Preliminary Project Technical Memorandum Tariff Compatibility Yes with incentives from Local Bodies up to 20% investment No with Green Certificates Body for FiT Management To be designated by Energy Authorityon Sept 18th FiT CRITERIA (cont.d)

  12. Modest Power Target 100 MWp Will be increased to 300 MWp Further Increase committed by Ministry of Industry BIPV No special tariff FiT Request Process Time consuming Tender Process It favours utility companies Hybrid System May generate conflict with local Utility FiT CRITICAL POINTS

  13. Strong Interest towards PV Very large number of FiT requests More than 4.000 Most likely 100 MWp No information available on split between small plants (to be installed by 2006) large plants (to be installed by 2007) Most likely 50/60 MWp will be installed in 2006 THE PRELIMINARY 3Q RESULTS

  14. FiT incentive right tool to exploit PV Market Great PV Market Growth expected 500% in 4 Years Net Jobs created mainly in Sicily Quality of Service mandatory CONCLUSIONS

  15. BACK-UPS

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