EC nods to Italy's EUR-1.2 bn solar support scheme in agriculture

• The European Commission (EC) recently provided its nod to a EUR-1.2-billion (USD 1.21 bn) support plan backing the installation of solar photovoltaic or pv (PV) capability across Italy's agricultural field.

The entire funding to be provided will certainly be sourced from the country's Recovery and also Resilience Facility. As part of the campaign, farming and agro-industrial players, along with business associated with breeding, will be able to obtain straight grants concealing to 90% of the resources demands required for mounting PV panels for self intake.

The prices to be moneyed will undergo specific ceilings, depending upon the capacity of the solar arrays, the EC noted.

The support plan will run up until June 30, 2026.

Italy's Recovery and also Resiliency Facility was greenlighted by the EC last summer, offering the nation with access to EUR 68.9 billion in grants and EUR 122.6 billion in car loans to recuperate from the COVID-19 pandemic. Around 37% of the total allotment under the plan is set aside for climate-related initiatives and also renewable energy.

According to its national power and climate strategy, Italy aims to make renewables represent 30% of total power intake and also 55% of electrical power generation by 2030.