In Depth: Now Italy faces the hangover after its 9GW PV party

Some people say Italy's PV bonanza was little more than a get-rich-quick scheme for foreign firms

Some people say Italy's PV bonanza was little more than a get-rich-quick scheme for foreign firms

That Italy connected 9GW of PV to its grid last year — nearly quadrupling its total capacity, and snatching the global crown from Germany — is impressive enough.

That it happened in the middle of the country’s sovereign debt crisis, the fall of the Berlusconi government and a tangle of confusion regarding its ever-morphing feed-in tariff makes it nothing short of astonishing.

Today, however, the Italian solar sector has the feeling of a house the morning after an epic party: worn out and littered with uninvited guests, with the hosts struggling to remember why they threw the party in the first place.

With sunlight creeping through the blinds and reality setting in — most analysts expect a Log in to read complete article.

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