Overall Cap for Tax Reductions in Italy

Dark clouds are beginning to appear over the prospects of the solar thermal market in Italy. On the 29th November 2008, the Italian government published a temporary law for modifying the 55% tax reduction that has driven the solar thermal market in recent years. The temporary law has to be approved by the Italian parliament within 60 days, otherwise it expires.

Slow down after Boom in Germany?

The crises of the financial markets did not seem to harm the speedy growth of the solar thermal market in Germany. Industry insiders at the conference Forum Solarpraxis in Berlin on the 20th/21st November agreed that the collector area installed in Germany will reach 1.7 to 1.9 million m2 (1.2 to 1.3 GW). This is almost a doubling of the 2007 market volume of 950,000 m2 (665 MW).

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