Italian Renewable Energy Scheme Worth €5.4 Billion Gets European Commission’s Nod with Recommendations

The European Commission has given green light, but with some recommendations, to Italy’s renewable energy scheme with an estimated budget of €5.4 billion ($6.07 billion). This will support the installation of renewable energy technology in the Southern European country, including onshore wind, solar PV, hydroelectric and sewage gases.

Mr. Gianni Chianetta, Vice President and Head of International Affairs of ItaliaSolare commented, "The final text of the new Italian Renewable Scheme is under discussion to take into account some recommendations of the European Commission regarding mainly the hydroelectric. As ItaliaSolare, we have been pushing from a while for this decree that will surely help the Italian market to play again a leading role in Europe and beyond."

According to the SolarPower Europe's Global Market Outlook supported by Global Solar Council, Italy’s installed solar PV capacity at the end of 2018 was over 19.8 GW and is expected to grow to more than 29 GW by 2023 in its medium scenario.