Italy FiT Cuts Legally Questionable, Says McDermott Will & Emery

Overview


McDermott’s analysis of Italy’s new legislative decree that impacts larger photovoltaic (PV) operations was quoted extensively. The McDermott report said that “it is questionable if the decree is compatible with the principles of the Italian Constitution, EU law and Italy’s obligations under international treaties,” because it will reduce PV plant owners’ investments through incentive reductions that “do not compensate for losses deriving from inflation or the interest that would have accrued on an earlier payment of the full incentives.” Read the full article