The Italian government has announced that it will introduce a FIT subsidy policy in the first half of this year. This policy is an adjustment to the existing subsidy and there has been no definite information. It is reported that because of the delay in determining the reduction of PV subsidy prices in Italy, most local PV module buyers and PV power plant investors currently take a wait-and-see attitude, which has led to the recent stay of some PV modules from China to Italy in Italian ports. .
The China Investment Advisors report pointed out that Europe has been the world's largest market for photovoltaic cells and modules for a long time, and the strong demand for photovoltaic products in the European market has also been the main support for the development and expansion of China's major photovoltaic companies, but last year Since then, European countries represented by Germany have begun to drastically reduce subsidies for photovoltaic power prices. At present, demand for photovoltaic products in the European market has shown a downward trend. Against this background, the Italian photovoltaic market has performed very eye-catching and has become a market that many Chinese PV companies compete for.
Li Shengmao, a senior research fellow at China Investment Consulting Group, pointed out that under many circumstances in which European countries have lowered the subsidy for on-grid tariffs for PV, the Italian government is also reviewing its domestic PV tariff subsidy policy. The downgrade of PV on-grid tariff is basically certain, but the downward adjustment The determination is a difficult point. On the one hand, although the installed capacity of photovoltaic power plants in Italy ranks among the top in the world, the absolute amount is still small, so the Italian government still wants to promote the continuous increase in the installed capacity of domestic photovoltaic power plants, and the reduction in the on-grid PV prices is to make the country The installed capacity of photovoltaic power plants has increased rapidly and turned into a steady growth.
On the Other hand, the Italian government's reduction in on-grid tariffs for photovoltaic electricity will not be excessive, otherwise it will repeat the mistakes of the Spanish photovoltaic industry, that is, from the previous rapid growth to a sudden stagnation. Under the current background that photovoltaic power generation cannot yet be accessed at the same price, the size of government subsidies directly determines the profitability of power plant operators. Therefore, even if the Italian government wants to substantially reduce subsidies, it will adopt the same method as Germany to reduce its profits. This provides a buffer period for Chinese PV companies.
Li Shengmao believes that although Italy's domestic photovoltaic subsidy policy can be determined, but the short-term negative impact on domestic photovoltaic companies is relatively limited. Because the Italian government cuts down the PV feed-in tariff subsidy in phases, the Italian market is likely to see a wave of rushing out of equipment, which in the short term will also boost the demand for Chinese PV modules in the Italian market. In addition, it is expected that China's PV companies will adjust their sales focus from the European region to North America and Asia in the next two years, so the Italian government’s PV on-grid tariff subsidy policy will have a smaller impact on Chinese PV companies.
The China Investment Advisors report pointed out that Europe has been the world's largest market for photovoltaic cells and modules for a long time, and the strong demand for photovoltaic products in the European market has also been the main support for the development and expansion of China's major photovoltaic companies, but last year Since then, European countries represented by Germany have begun to drastically reduce subsidies for photovoltaic power prices. At present, demand for photovoltaic products in the European market has shown a downward trend. Against this background, the Italian photovoltaic market has performed very eye-catching and has become a market that many Chinese PV companies compete for.
Li Shengmao, a senior research fellow at China Investment Consulting Group, pointed out that under many circumstances in which European countries have lowered the subsidy for on-grid tariffs for PV, the Italian government is also reviewing its domestic PV tariff subsidy policy. The downgrade of PV on-grid tariff is basically certain, but the downward adjustment The determination is a difficult point. On the one hand, although the installed capacity of photovoltaic power plants in Italy ranks among the top in the world, the absolute amount is still small, so the Italian government still wants to promote the continuous increase in the installed capacity of domestic photovoltaic power plants, and the reduction in the on-grid PV prices is to make the country The installed capacity of photovoltaic power plants has increased rapidly and turned into a steady growth.
On the Other hand, the Italian government's reduction in on-grid tariffs for photovoltaic electricity will not be excessive, otherwise it will repeat the mistakes of the Spanish photovoltaic industry, that is, from the previous rapid growth to a sudden stagnation. Under the current background that photovoltaic power generation cannot yet be accessed at the same price, the size of government subsidies directly determines the profitability of power plant operators. Therefore, even if the Italian government wants to substantially reduce subsidies, it will adopt the same method as Germany to reduce its profits. This provides a buffer period for Chinese PV companies.
Li Shengmao believes that although Italy's domestic photovoltaic subsidy policy can be determined, but the short-term negative impact on domestic photovoltaic companies is relatively limited. Because the Italian government cuts down the PV feed-in tariff subsidy in phases, the Italian market is likely to see a wave of rushing out of equipment, which in the short term will also boost the demand for Chinese PV modules in the Italian market. In addition, it is expected that China's PV companies will adjust their sales focus from the European region to North America and Asia in the next two years, so the Italian government’s PV on-grid tariff subsidy policy will have a smaller impact on Chinese PV companies.
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