BMI View: We have maintained our 2013 growth forecast for non-hydropower renewable generation in Italy this quarter as our fundamental assumptions remain relevant. However, we have slightly revised down our long-term forecasts for the Italian renewable energy sector due to a number of factors. These include a lack of commercial interest in offshore wind energy, the lack of subsidies and uncertain regulatory environment for solar, and the country’s troubled economic situation. We have maintained our 2013 growth forecast for non-hydropower renewable generation in Italy at 3.7% this quarter as our fundamental assumptions remain relevant. Some of the underlying assumptions underpinning …
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