Adopts State aid scheme to promote innovative and emerging renewable energy technologies
13 Aug 2024
On 4 June 2024, the European Commission approved a State aid scheme by Italy aimed at developing 4,590 MW of renewable electricity capacity by 2028. The scheme focuses on innovative technologies such as geothermal energy, offshore wind, solar, tidal, and biomass. Aid will be disbursed through two mechanisms: a two-way Contract for Difference or feed-in tariffs for smaller installations with capacities of less than 300 kW. Projects are required to commence within 31 to 60 months of approval.
The initiative, primarily targeting offshore wind projects (accounting for 3,800 MW of the total capacity), operates with an annual budget of €1.85 billion, funded by electricity levies. The scheme was formalized through the Ministerial Decree, commonly referred to as the FER 2 Decree, which came into effect on 13 August 2024, and following the publication of the Operating Rules for accessing incentives on 10 December 2024. This measure supports Italy’s energy transition goals and aims to reduce the country’s reliance on energy imports.
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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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Services (Electricity, gas, steam and air conditioning supply)
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Sources:
