SUSI Partners launches 500MW Italian PV growth platform, sees Italy as essential growth market

• Swiss fund supervisor SUSI Partners, through its Energy Transition Fund (SETF), has introduced a solar PV growth platform in Italy that intends to deploy 500MW of utility-scale solar PV after recognizing Italy as a vital growth market.

The platform is being established "in collaboration with a specialized elderly management team from a knowledgeable clean energy designer" and also intends to create, develop and operate the PV projects.

Established in late 2021, the platform will see SUSI Partners functioning very closely alongside the management team for the development and also operation of the assets.

SUSI claimed it expects the Italian market to enter an "development stage" this decade as it makes every effort to meet its clean energy targets regardless of slower growth adhering to the expiration of government motivations after 2013.

It claimed the "fundamental drivers for the Italian solar PV market stay strong" offered its high levels of irradiation and also rising gas rates across Europe.

"In a market characterised by high advancement premiums for ready-to-build possessions, SUSI's platform with a committed development and operating group on the ground will take advantage of low development expenses and also additional financial savings throughout the value chain," SUSI stated in a statement.

Italy's solar sector is currently up in arms after a federal government decision to clawback make money from renewables plants that are currently taking advantage of high electricity costs.

Firms will be required to pay back a resulting rise in profits to the federal government up until the end of 2022, as part of the actions introduced last month.

The profit clawback applies to solar projects with a capacity above 20kW that get feed-in tariffs through the country's Conto Energia scheme as well as merchant solar, wind, hydro and geothermal power plants with an outcome of more than 20kW.

Profession bodies have actually alerted it might have a "significant impact" on renewable financial investment in the nation, with profession body Italia Solare's board member Stefano Cavriani informing PV Tech Premium that as much as 13GW of solar plants that obtain feed-in tariffs with the country's Conto Energia plan are impacted by the procedure.

Elsewhere, SUSI has actually established a brand-new renewables platform that will certainly develop a portfolio of solar PV and also wind properties in Poland, got a 50% passion in Starling Energy Group, an Australian installer of incorporated solar PV and also energy storage space systems for the property field, and also entered the Latin America market via the purchase of a 200MW portfolio of distributed solar PV as well as wind properties in Chile.