Italy expects to raise around 1.5 billion euros ($1.7 billion)from a scheme to claw back profits from solar and clean power producers to curb soaring energy prices, a document showed.
The measure, part of a broader government decree which came into force last month, needs to be approved by parliament within 60 days or it will expire.
Italy is looking to install at least 8 gigawatts of new renewable capacity every year to 2030 to meet climate targets and developers worry the mechanism could slow down progress. The clawback scheme applies to solar energy producers, with a capacity exceeding 20 Kilowatts, receiving incentives under a prior subsidy scheme.
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