Italy to reach 2020 solar target this year
ITALY - Italy's total installed photovoltaic capacity can reach 8,000 megawatts by the end of this year, hitting a target the country has set for 2020, Italy's state energy services agency GSE said.
Italy's total installed photovoltaic capacity, which turns sunlight into power, jumped to 3,000 MW at the end of 2010 from 1,142 MW at the end of 2009 as operators rushed to sign up for generous incentives which expired at the end of 2010, GSE said in a statement.
The total figure would rise to 7,000 MW if capacity installed by the end of 2010 but not yet connected to grid was included, GSE said adding such capacity must be connected to the grid by the end of June to qualify for earlier incentives.
Italy has cut production incentives for its PV market, the third-biggest in Europe, in the 2011-2013 period to bring them in line with falling costs of PV modules.
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Hydro One bends to government demands, caps CEO pay at $1.5M
TORONTO - Hydro One has agreed to cap the annual compensation of its chief executive at $1.5 million, the provincial utility said Friday, acquiescing to the demands of the Progressive Conservative government.
The CEO's base salary will be set at $500,000 per year, while short-term and long-term incentives are limited to $1 million. Performance targets under the pay plan will include the CEO's contributions to reductions in transmission and distribution costs.
The framework represents a notable political victory for Premier Doug Ford, who campaigned on a promise to reduce the annual earnings of Hydro One's board members.
In February, the province issued a…
