March 21st, 2017REA’s workshop on new GSE PV revamping regulation is sold-out!REA insightsThe events promoted by REA aimed to analyze impacts of the new GSE regulation on “Maintenance and revamping interventions on operating PV plants” saw a great deal of interest by PV plant operators. The workshop, which was organized for maximum 80 participants, is already sold-out.Considering the level of overbooking, REA is planning to organize a second event. Therefore, interested operators can still continue to book at the current event to be in priority list for the upcoming seminar: https://docs.google.com/forms/d/e/1FAIpQLSdS4bLFeaSfvsNYLjCzz0rB7rFwphdW...
February 27th, 2017New GSE regulation on maintenance standards and revamping criteria for operating PV plantsREA insights
GSE has recently published the awaited technical document on “Maintenance and revamping interventions on operating PV plants” (see file attached).
The new regulation defines the procedures to be employed in case of revamping intervention on PV plants, in order to comply with the objective requirements for tariffs access and maintenance (pursuant to Conto Energia decrees) as well as the prescriptions of the decree of 23 June 2016. The document covers the following topics:
- Reporting requirements to GSE in case of revamping interventions with significant effect in plant characteristics or configuration;
- The timing and list of documents to be sent to GSE for any intervention type.
Compared to the previous version of the document (published in august 2015 but pulled back soon after) the threshold on energy production increase (3%) it is no longer present in the text. Does persist the limit on “incentivized” power increase, fixed up to 1% for plants over 20 kW, with however no limitation on increase of non-incentivized power.
The new rules will certainly affect PV plants’ management efforts, raising up compliance standards in carrying out plant’s administrative and technical activities, requiring more rigorous and proactive approach in GSE relationship management.
In order to discuss the new regulation impacts on PV assets and the combed effect of GSE control activity, REA has organized an executive workshop that will take place in Milan next 30th of March. For registration and infos: firstname.lastname@example.org
December 7th, 2016The Spalma-Incentivi decree is legitimatemarket highlightsThe Italian Constitutional Court has just pronounced on the well-known “Spalma-Incentivi” issue, right after the public hearing that take place yesterday. The retroactive cut on PV tariffs has been considered legitimate by the Court. In a few months the complete sentence with motivations of the judgment will be published.
November 22nd, 2016Webinar on water sector Unbundling: how to succeed in the new regulationREA insightsNext Friday, December 2nd 2016 at 10:00 am, REA will hold a training webinar to examine and discuss about recent changes introduced by Unbundling in water sector. Webinar participation is free and reserved to water companies. Find a description of the event and the participation link at http://www.readvisor.eu/webinar .
November 7th, 2016Significant advisory pipeline for REAdeals & projects
Q4-2016 is bearer of important company achievements. REA has successfully assisted, as technical advisor, the recent 6Mln€ transaction between VAM Investments and Gruppo Industriale Maccaferri (this http://vaminvestments.com/index.php/vam-invests-6-million-euros-in-maccaferri-photovoltaic-plants).
Moreover, REA is currently providing strategic and technical advisory in four big onshore wind projects (totaling 100MW), taking part in the ongoing wind energy auctions.
October 6th, 2016REA opinion on Quotidiano Energia and Windpowermonthly about ongoing wind auctionREA insightsREA has recently published an opinion on Quotidiano Energia (http://quotidianoenergia.it) about ongoing wind auctions. The article, extracted from an in-depth competitive study on auction scenarios for wind operators, selects some of the relevant variables that will impact players bid strategies on GSE tender, granting tariffs for 800 MW.Other pubblications are planned in trade press. Here the link to Mastropieri statement on WMP: http://www.windpowermonthly.com/article/1409341/italy-gears-800mw-tender
September 27th, 2016New unbalancing valorization scheme from 2017market highlightsWith Resolution 444/2016/R/EEL the Authority introduced a new mechanism to valorize unbalancing which will directly impact renewable energy plants.The Resolution provides that from 2017 January the 1st, for not-relevant renewable plants (P<10MW) unbalancing will be valorized with a hybrid mechanism: “single pricing” within a band of +/- 7.5% (up to July amounted to 100%) and “dual pricing” beyond this threshold. The latter mechanism is very penalizing for non-programmable sources, in particular medium-scale wind.It is expected that from 2017 traders will unlikely be able to replicate 2016 quotations (i.e. “zonal plus”), with a negative impact on revenues from energy sales, already downsized by the bearish trend of the power exchange.Appeals by trade associations and operators are already annunced: unbalancing regulation has been intrinsically “uncertain” over the last 5 years and this is probably not the last chapter yet. The only thing that seems to be clear is the “direction” of the Authority, oriented to promote (?!) greater responsibility for renewable producers in forecasting and managing power flows. Find the Resolution in the following link: http://www.autorita.energia.it/allegati/docs/16/444-16.pdfREA's prepared a focus report on the new mechanism, please contact us (email@example.com) to request a free copy.
September 23rd, 2016Refinancing in photovoltaic: REA's opinion on Milk the Sun blogREA insights
Milk the Sun blog published an interview with Lorenzo Nardon, senior analyst at REA, regarding refinancing of PV plants. The growing interest on refinancing operations (or renegotiation of existing contracts) is in fact driven by the favorable reduction in interest rates in the current financial environment. Find the Italian interview on the following link: http://it.blog.milkthesun.com/ottimizzare-un-impianto-fotovoltaico/rifinanziare-impianto-fotovoltaico
July 25th, 2016GSE counter updated: 400 MLN€ for RES incentivationmarket highlightsGSE updated the annual expense counter for non PV renewables with new calculation method according to ministerial Decree 23 June 2016. Average annual cost decreased from about 5.55 BLN€ to 5.4 BLN€: space for new plants promotion is now almost 400 MLN€.GSE updated scenarios, based on new calculations, show that risk of exceeding the 5,8 BLN€ ceiling appears avoided, at least in the short term. Despite scenarios do provide some reassurance for investors in the short run, big uncertainties remain in post 2016 incentive support policy.
July 5th, 2016Updated regulation of emission limit for biogas plants (Good news!)market highlightsDecree 19th May 2016, n. 118 updated the regulation of the emission limits for Total Organic Carbon (TOC) from biogas installations. This measure finally ends the uncertainties on how to correctly manage engine emissions. The main changes are: (i) exclusion of methane TOC measurement and (ii) decrease of emission limit value (new threshold to 100 mg/Nm³).Following new regulation, biogas plant managers are required to upgrade authorization titles within 15 September.