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August 27, 2005
Italy to allow solar energy production and trading by massess
Italy, which is blessed with some of Europe's most brilliant sun, has some of the highest electiricity rates in Europe.
A new government measure could mean that Italian homeowners, condominium buildings and private businesses can profit by selling solar power to energy companies at a handsome, government-guaranteed price.
Under the incentive system, approved last month, surplus energy produced by solar panels can be sold at triple the average rate set by fossil fuel and gas-based electricity producers and local energy distributors with the help of goverment subsidies.
Industry Minister Claudio Scajola predicted that the average family could save as much as $1,100 (U.S.) annually in electricity bills. If there is energy to spare, the family can sell the excess.
The Italian government hopes such initiatives would increase investments in renewable energy in the country while financially helping citizens and businesses who are paying extreme energy prices.
Posted by admin at August 27, 2005 08:00 AM