Tag: italy

Italy Energy Policy Review 2023

Italy Energy Policy Review 2023

May 19, 2023 | ,

Italy in 2022 successfully reduced its reliance on Russian natural gas imports, by signing new contracts with alternative suppliers, making use of the pipeline and LNG infrastructure that it has built up over the last decade. Reducing overall demand for natural gas through an accelerated shift to alternative energy sources and a stronger focus on energy efficiency, especially in the building sector, will not only further strengthen energy security, but also help the country meet its climate targets.

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European Commission and CDP give $110 million to Eni for EV networks

European Commission and CDP give $110 million to Eni for EV networks

May 8, 2023 |

The European Commission and the Italian bank Cassa Depositi e Prestiti (CDP) will provide more than $110.1 million to Italian oil and gas producer Eni for the development of electric vehicle (EV) charging networks. The funds will go to Be Charge, an Eni-owned company. The company stated in a statement that the funds will be used to build a high-speed charging network for EVs. Reportedly, the network, currently slated for operation by 2025, would become one of the largest in Europe.

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EC approves €450 million green hydrogen support scheme in Italy

EC approves €450 million green hydrogen support scheme in Italy

April 3, 2023 |

The European Commission (EC) has approved a €450 million plan proposed by the Italian government to support investments in the integrated production of green hydrogen and renewable electricity in brownfield industrial areas. The Temporary Crisis and Transition Framework, which was approved in March 2023, contains conditions that the EU competition watchdog has determined the Italian plan complies with.

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<strong>Galileo and Hope Group to develop offshore wind farm in Italy</strong>

Galileo and Hope Group to develop offshore wind farm in Italy

February 27, 2023 |

Galileo and Hope Group, two European renewable energy companies, have formed a joint venture (JV) to develop the offshore wind farm in Italy’s Adriatic Sea. The JV will construct the 1.1 GW floating wind plant, known as Barium Bay, 40 km off the coast, stretching from Barium to the north of Barletta. The Barium Bay offshore wind farm will produce enough clean energy to provide more than one million Italian homes.

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<strong>Hexicon wins grid permits for 7.1 GW of floating wind in Italy</strong>

Hexicon wins grid permits for 7.1 GW of floating wind in Italy

January 24, 2023 |

Hexicon AB, a Swedish floating wind specialist, has been granted permission to connect six floating wind facilities in Italy with a total capacity of 7.1 GW to the national grid. Reportedly, the permits were granted by Italian transmission system operator (TSO) Terna SpA. The Swedish developer is active in Italy through AvenHexicon, a 50-50 joint venture with local renewables developer Avapa Energy Srl.

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Plenitude acquires a 100 per stake in PLT

Plenitude acquires a 100 per stake in PLT

December 5, 2022 |

Plenitude, an Eni subsidiary which specialises in renewable energy, has agreed to pay an undisclosed price for a 100 per cent ownership in PLT, a company that develops and distributes renewable energy projects. PLT provides service to 90,000 retail customers in Italy and has a 1.6 GW renewable portfolio in Spain.

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Sunwin Energy sells 375 MW solar portfolio in Italy

Sunwin Energy sells 375 MW solar portfolio in Italy

November 24, 2022 |

Sunwin Energy, a Swiss energy provider, has reached a framework agreement to sell its 375 MW solar portfolio in Italy to an unidentified European corporation. Sunwin Energy’s solar portfolio comprises 15 mid-stage, ground-mounted solar photovoltaic projects that it has been developing in the region in recent years.

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Octopus Energy and Nexta to develop renewable assets in Italy

Octopus Energy and Nexta to develop renewable assets in Italy

October 21, 2022 |

Octopus Energy Group, based in the UK, has joined the Italian green energy market through a partnership with Nexta Capital Partners, an Italian renewable developer. By establishing a joint venture, the two firms anticipate constructing 1.1 GW of new onshore wind, solar, and energy capacity in the southern Italian region by 2025.

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India and Italy partner for green hydrogen, biofuel and energy storage

India and Italy partner for green hydrogen, biofuel and energy storage

May 9, 2022 |

India and Italy will develop partnerships in key renewable energy sectors such as green hydrogen, biofuels, and energy storage. The decision was taken in a meeting between the Minister of External Affairs, India and his Italian counterpart. Reportedly, the discussion also covered the implementation of the India-Italy Strategic Partnership on Energy Transition, which was announced in 2021.

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ITT to invest $2.5 million in solar power lake in Italy

ITT to invest $2.5 million in solar power lake in Italy

April 25, 2022 |

ITT Inc. has announced the construction of a photovoltaic lake at its largest factory in Barge, Italy. The lake will be about the size of four Olympic swimming pools and will be made up of approximately 3,000 solar panels. As per the company’s statement, $2.5 million investment is part of ITT’s long-term strategy to become more sustainable.

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SSE to acquire SGRE’s 3.9 GW European renewable energy platform

SSE to acquire SGRE’s 3.9 GW European renewable energy platform

April 21, 2022 |

SSE Renewables, based in the UK, has signed an agreement with Siemens Gamesa Renewable Energy (SGRE) to acquire approximately 3.9 GW European renewable energy development platform for $627 million. Under the agreement, SSE Renewables will acquire SGRE’s 3.9 GW onshore wind portfolio across Spain, France, Greece, and Italy.

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Enel Green Power to set up a 3 GW solar panel factory in Italy

Enel Green Power to set up a 3 GW solar panel factory in Italy

April 5, 2022 |

Enel Green Power (EGP), an Italian renewable energy company, has secured a grant agreement with the European Commission to build a solar panel gigafactory. The facility will be developed in EGP’s 3Sun solar panel factory in Catania, Sicily, and will be known as the Italian PV GigaFactory (TANGO). The EGP will invest $659 million in the capacity expansion, with almost $129 million from EU funding.

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SUSI unveils a solar platform in Italy

SUSI unveils a solar platform in Italy

February 10, 2022 |

SUSI Partners, a Swiss fund manager, has launched a solar photovoltaic (PV) development platform in Italy through its Energy Transition Fund (SETF). The platform aims to deploy 500 MW of utility-scale solar PV after selecting the country. It is being developed in collaboration with a senior management team from a seasoned sustainable energy developer, with intentions to develop, build, and operate PV projects.

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Greencells acquires five solar PV projects of 233 MWp

Greencells acquires five solar PV projects of 233 MWp

February 9, 2022 |

Greencells, a German solar energy company, has acquired five solar photovoltaic (PV) projects in Italy with a cumulative capacity of 233MWp. The five solar PV plants are now in the development phase and are located in the south of Sardinia. The acquired solar farms are part of a group of up to 15 projects with a combined capacity of up to 790MWp.

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Raising the bar: French and Italian manufacturers are leading on electric vehicle target announcements

Raising the bar: French and Italian manufacturers are leading on electric vehicle target announcements

January 30, 2022 |

The market share of battery-electric vehicles (BEVs) among new passenger car registrations in Europe increased fairly quickly, from about 2% in 2019, to nearly 6% in 2020, and to approximately 9% in 2021 (January to November). The European Union’s CO2 standards for vehicle manufacturers, set at an average target level of 95 g/km (NEDC) for 2021, are certainly a key factor influencing this recent uptake of electric vehicles.

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Repower Renewable to build 495 MW floating offshore wind plant in Italy

Repower Renewable to build 495 MW floating offshore wind plant in Italy

January 17, 2022 |

Repower Renewable, based in Venice, plans to develop a large-scale floating offshore wind farm in the Ionian Sea and connect it to Italy’s national grid. The wind farm is located southeast of Calabria’s eastern coast, approximately 61.8 kms from Capo Rizzuto and 74.8 kms from Monasterace Marina. The project is expected to have a capacity of 495 MW and will include 33 wind turbines, each with a capacity of 15 MW, installed on floating foundations. The wind turbines will be installed over an area of approximately 87 square kms.

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NextEnergy Capital sells 149 MW of its solar portfolio in Italy

NextEnergy Capital sells 149 MW of its solar portfolio in Italy

January 12, 2022 |

NextEnergy Capital, a London-based solar investor, has announced the sale of NextPower II (Fundfull)’s portfolio of operating solar projects in Italy. The portfolio of the Fund includes 105 solar plants with a total installed capacity of 149 MW. It has plants in Piedmont, Lombardy, Veneto, Tuscany, Puglia, Sardinia, Calabria, Campania, March, Molise, Abruzzo, and Emilia-Romagna, among other places.

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