Thalheim, 17 August 2011. All X and T series Sovello modules officially meet the bonus criteria of Conto Energia IV, the Italian equivalent to the German Renewable Energy Act (EEG). This result was determined by the accredited test institute TÜV Rhineland. Owners of a PV system fitted with Sovello modules can now benefit from a 10 percent bonus. This will be added to existing subsidyrates. In addition to this, at least 60 percent of the material costs associated with a solar installation must be attributable to companies that produce within the EU. Modules constitute a significant proportion of the added value in a solar installation. All solar installations which are connected to the Italian grid after 31 May 2011 can claim the EU bonus, provided that they fulfil the origin criteria. The size and location of the installationis of no importance.
The certification of all Sovello modules renders investing in a solar power system even more attractive for our Italian customers. As a result, Sovello welcomes this certification whole heartedly: “Our products are manufactured entirely in Germany: Firstly, the fully-integrated production at Thalheim encompasses every aspect of module manufacturing, from melting silicon and the STRING RIBBONTM wafer to the solar cell finally assembled in a finished solar module. Secondly, we obtain the majority of our primary materials from the EU. This means that our EU value-added percentage, as a whole, is comfortably above 60 percent. Thanks to our high-performance quality modules, customers in the globally important Italian market can now benefit from the feed-in bonus,” states Dr. Ted Scheidegger, CEO of the Sovello Group, in reference to the certification.
The Conto Energia IV, which came into force in June 2011, applies to every installation that came online after 31 May 2011. The Italian government has revised and passed the relevant subsidy measures. The Italian Ministry for Economic Development issued a decree in May that regulates subsidies for solar systems until 2016. The legislation foresees a total installed capacity of 23 gigawatts by the end of 2016.