5 days ago
Monday, March 9, 2009
Lifecicle Analysis of a BIPV system installed in Italy
From University Researchers from Ferrara University a lifecicle analysis for a BIPV system in Italy.
Friday, March 6, 2009
ICI Tax on solar farms in Italy - Concern among investors
Great concern among the investors in pohotovoltaic plants in Italy after the decision taken by the Internal Revenue Service (in Italy: Agenzia delle Entrate) to consider PV plants as regular industrial sites.
Under this classification, ground-based PV plants are due to pay the "ICI" tax, namely a "Town Tax on Real Estate" a hundred times higher than if PV plants sites were to be classified as farm-land sites, as it was before. The economic impact would be dramatic, enough to turn down the best IRR-project and to stop any further investment in ground-based PV plants.
The Italian Solar Association "Assosolare" immediately posted a letter to the Revenue Authority and called a meeting to discuss the issue with the Government. In the meantime, ready-to-build solar farms developers are setting up informal negotiations with the local Authorities on a lower-than-formally-due level of tax. This could both grant a go for the project and satisfy the local authorities' hustle for cash from "rich" PV plants. The Classic Italian way to cut corners and speed up the beurocracy.
Under this classification, ground-based PV plants are due to pay the "ICI" tax, namely a "Town Tax on Real Estate" a hundred times higher than if PV plants sites were to be classified as farm-land sites, as it was before. The economic impact would be dramatic, enough to turn down the best IRR-project and to stop any further investment in ground-based PV plants.
The Italian Solar Association "Assosolare" immediately posted a letter to the Revenue Authority and called a meeting to discuss the issue with the Government. In the meantime, ready-to-build solar farms developers are setting up informal negotiations with the local Authorities on a lower-than-formally-due level of tax. This could both grant a go for the project and satisfy the local authorities' hustle for cash from "rich" PV plants. The Classic Italian way to cut corners and speed up the beurocracy.
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