Italy Set to Become World's Second Largest Solar PV Market in 2009

27 July 2009 by

An attractive feed-in tariff incentive and rapidly decreasing solar module prices have made Italy the most attractive PV market in the world. This year, Italy is set to become the world's second largest PV market after Germany, the undisputed leader.

GSE, the state-run Italian power management agency, expects that total installed PV power will reach 900 MW by the end of 2009. This represents 100% growth compared to 2008, with approximately 70,000 new-build PV installations in 2009. GSE expects the market to grow further to 1500 MW in 2010, resulting in a compound annual growth rate of 135% for the PV market in the period 2006-2010.