Italy Seeks 62 GW Renewables Boost
- Discover how Italy is incentivising renewables and simplifying the permitting process for projects 10MW or larger, aiming to reach 131GW of installed capacity by 2030.
The Italian government has taken a major step towards its renewable energy goals by opening a public consultation on a new decree to introduce a subsidy scheme for renewables and back 62 GW of projects via competitive tenders in 2024-2028. This RES X plan allocates the largest portion of the total to solar PV projects with 45GW, with 15GW set aside for wind projects. The decree also includes incentive tariffs for energy produced from renewables, as well as simplifying and accelerating the permitting process for projects 10MW or larger.
These measures support Italy's recently updated goal of sourcing 65% of electricity from renewables by 2030, as well as reaching 40% gross energy consumption in all sectors by the end of the decade. Last year, 2.48 GW of solar and 0.5 GW of wind farms were brought online, with the country aiming to bring its installed renewable energy capacity to 131GW by 2030. The consultation is open until September 18.
What Does Italy's RES X Plan Offer for Solar and Wind Projects?
- RES X plan provides incentives and simplified permitting process for renewable energy projects larger than 10MW
- RES X plan allocates 45GW for solar projects and 15GW for wind projects
- Incentive tariffs offered for energy produced from renewables
- Italy aiming to source 65% of electricity from renewables by 2030
- Italy aiming to reach 40% gross energy consumption in all sectors by 2030
- Target of 131GW installed renewable energy capacity by 2030
