Adopts scheme to support agrivoltaic installations
10 Nov 2023
On 10 November 2023, the European Commission sanctioned a €1.7 billion scheme in Italy, aligning with European Union state aid regulations, to bolster agrivoltaic installations. This programme, set to run until 31 December 2024, is designed to foster the development of new agrivoltaic systems across Italy, marrying solar energy generation with traditional farming practices. The scheme's goal is to reach an overall capacity of 1.04 GW and generate a minimum of 1,300 GWh of electricity annually.
Under this initiative, agricultural producers are eligible for investment grants that can cover up to 40 per cent of the admissible expenses, alongside incentive tariffs projected at €560 million, to be allocated over two decades via a competitive auction mechanism. These tariffs will be structured as two-way Contracts for Difference (CfDs), offering compensation for the variance between the incentive tariffs and the market prices of energy.
All projects under this scheme are required to be fully operational by 30 June 2026. Additionally, a recovery protocol will be implemented to facilitate potential refunds in scenarios of elevated energy prices.
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Type:
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Promotion and facilitation (Investment incentives)
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Industry:
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Not industry specific (SDG)
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Primary (Agriculture, forestry and fishing)
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Services (Electricity, gas, steam and air conditioning supply)
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Sources:
