Italy, like Spain, also suffered from massive budget cuts of government incentives. AustrianSolar is closely monitoring current developments in order to be prepared once grid parity projects become feasible, most likely in Sicily. In contrast to Spain and Chile, large pieces of land suited for photovoltaic rarely exist. We believe that subject to economic developments on an European level, AustrianSolar will be in the position to offer interesting projects as early as 2015/16.