R.Power targeting 1GW of solar PV in Italy over the following year

• Polish PV developer R.Power is targeting the development of 1GW of solar projects in Italy in the following twelve month.

The Warsaw-headquartered business stated it had currently authorized contracts with Italian landowners for 100MW of PV farms in the past month which it saw the nation as an essential growth market progressing.

"Over the next 12 months, our portfolio of projects under development is expected to reach 1GWp," stated Jakub Charaszkiewicz, R.Power's head of development in Italy.

"We want to invest in varied projects-- both geographically and in terms of project dimension and also type. These will certainly consist of both farms on commercial land as well as agrivoltaic projects," included Charaszkiewicz.

In January, Italy alloted 975MW of solar PV as well as wind capability in its seventh renewables auction, with R.Power among the winning bidders.

"We are simply developing our initial nuclear power plant that won the auctions at the start of 2022 as well as we see terrific market possible precisely thanks to the PV auction system in addition to the expanding area of PPAs," claimed Charaszkiewicz.

Under its National Energy Development Plan, Italy is targeting 50GW of solar by 2030. It has actually presented regulations to simplify allowing-- a significant drag out project development-- in specific farming locations and also has actually brought ecological licenses for large PV projects under the remit of local authorities, which it hopes will speed up project development.

"The changes introduced will unquestionably drastically create the PV market in Italy as well as draw in new investors," said Charaszkiewicz.

Once amongst the leading PV markets in Europe, Italy's early development was stimulated by its high degrees of irradiation as well as the launch of a number of federal government assistance schemes. However adjustments in plan assistance has actually led it to hang back various other European markets.