Introduces a €1.1 billion Italian scheme to support investments in strategic green technologies

On 8 March 2024, the European Commission approved a €1.1 billion scheme by the Government of Italy to support investments in strategic green technologies, including solar panels, wind turbines, batteries, electrolysers and carbon capture equipment. The scheme provides direct grants of up to €150 million per company.

Aid is available to small and medium-sized enterprises (SMEs) and large companies, excluding those in the financial, agricultural and real estate sectors. It covers up to 35 per cent of eligible costs, with higher incentives for projects in economically disadvantaged regions and for SMEs. Beneficiaries must maintain investments for at least five years, and aid cannot be used to relocate businesses from other countries in the European Economic Area (EEA).

• Type:

  • Promotion and facilitation (Investment incentives)

• Industry:

  • Not industry specific (SDG)
  • Not industry specific (SDG)
  • Services (Electricity, gas, steam and air conditioning supply)

• Sources:

  • European Commission, Commission approves €1.1 billion Italian State aid scheme to support investments in equipment necessary to foster the transition to a net-zero economy, https://ec.europa.eu/commission/presscorner/detail/en/ip_24_951, 08 Mar 2024
  • Invitalia, Decree 14/9/2023 Amendments to the Decree of 9 December 2014, https://www.invitalia.it/cosa-facciamo/sosteniamo-grandi-investimenti/contratto-di-sviluppo/normativa, 14 Sep 2023