EU approves Italy €17.7 billion state aid for energy
The European Union (EU) Commission has approved a state aid scheme aiming to fund the rollout of over 9GW/71GWh of energy storage in Italy. The scheme totalling €17.7 billion (US$19.5 billion) will provide annual
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Commission approves €5.7 billion Italian State aid scheme
The European Commission has approved, under EU State aid rules, a €5.7 billion Italian scheme made available in part through the Recovery and Resilience Facility (''RRF'') to support the
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Commission approves €5.7 billion Italian State aid scheme
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European Commission approves Italy''s €17.7bn state aid for electricity
The European Commission has approved a €17.7bn Italian scheme to support the development of a centralised electricity storage system, consisting of electricity storage
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6 FAQs about [Italian electric energy storage subsidy policy]
Will Italy support a centralised electricity storage system?
The European Commission has approved, under EU State aid rules a €17.7 billion Italian scheme to support the construction and operation of a centralised electricity storage system.
How will Italy's electricity storage subsidies work?
After winning clearance in Brussels, Italy can now select companies developing electricity storage projects eligible for subsidies. The mechanism is set to cover investment and operating costs through annual payments.
What is Italy's new energy storage scheme?
The scheme notified by Italy will support the construction of electricity storage facilities with a joint capacity of more than 9 GW/71 GWh. The scheme will run until 31 December 2033.
Does Italy need 9gw/71gwh of energy storage?
The Winners Are Set to Be Announced for the Energy Storage Awards! Italy’s TSO Terna says it needs 9GW/71GWh of energy storage by integrate its renewables pipeline. Image: Terna. The European Union (EU) Commission has approved a state aid scheme aiming to fund the rollout of over 9GW/71GWh of energy storage in Italy.
What is Italy's state aid scheme?
REUTERS/Yara Nardi/File Photo Purchase Licensing Rights BRUSSELS, Dec 21 (Reuters) - The European Commission on Thursday said it had approved a 17.7 billion-euro ($19.4 billion) Italian state aid scheme to support the development of a centralised system to store electricity from renewable sources.
How will Italy contribute to the green energy transition?
This €5.7 billion scheme enables Italy to support the production and self-consumption of renewable electricity by energy communities. It will strengthen citizens’ engagement and first-hand participation in the green energy transition by supporting local communities to multiply renewable power generation installations.