The Italian scheme to support the production of a total of 4590 MW of new electricity capacity from renewable sources has been approved by the European Commission under EU state aid rules. The scheme helps to achieve the EU's policy objectives related to the European Green Deal, while also reducing reliance on Russian fossil fuels and accelerating the green transition. Italy has informed the Commission of its intention to launch a scheme to encourage the generation of electricity from renewable sources. The measure, which will remain in effect until December 31, 2028, will be funded through a levy on final consumers' electricity bills. The scheme will help to build new power plants using innovative and emerging technologies such as geothermal energy, offshore wind energy (floating or stationary), thermodynamic solar energy, floating solar energy, tidal, wave, and other marine energies, in addition to biogas and biomass. The plants are expected to add 4590 MW of renewable electricity capacity to Italy's electricity system. Depending on the technology, power plant commissioning times range from 31 to 60 months. Under the scheme, the aid will take the form of a two-way contract for difference for each kWh of electricity produced and fed into the grid, and it will be paid for the duration of the plants' useful life.
|