EC approves €23 billion Italian state aid for 37GW renewable energy expansion
By
Shreeyashi Ojha
Summary
The European Commission has approved a €23 billion (US$26.5 billion) Italian state aid package to support the deployment of 37.15GW of renewable energy capacity through 20-year two-way contracts for difference (CfDs). The program aims to help Italy reach its 2030 target of 39.4% renewable energy in gross final energy consumption, while also lowering electricity prices and reducing dependence on imported energy.
Source
bskyEC approves €23 billion Italian state aid for 37GW renewable energy expansionpv-tech.orgKey quotes
· 3 pulledThe programme is designed to help Italy meet its target of sourcing 39.4% of its gross final energy consumption from renewables by 2030.
The Commission said the measure would also help lower electricity prices and reduce dependence on imported energy.
Support will be provided through two-way contracts for difference (CfDs) lasting 20 years.
You might also wanna read
How wind and solar made Spain one of Europe's cheapest electricity markets
Spain's wholesale electricity prices have dropped dramatically to become among Europe's cheapest, averaging €44/MWh in early 2026 compared t
Bright Spots·18d agoHow wind and solar made Spain one of Europe's cheapest electricity markets
Spain's wholesale electricity prices have dropped dramatically to become among Europe's cheapest, averaging €44/MWh in early 2026 compared t
Bright Spots·18d ago
China's Massive Renewable Energy Expansion: Installing More Than Half of Global Wind and Solar Capacity
China has dramatically accelerated its renewable energy expansion, installing more than half of all new global wind and solar capacity in th
e360.yale.edu·5mo ago
Wind Power Saved Spanish Consumers €4.6 Billion in Electricity Costs in 2024
A Deloitte study commissioned by the Spanish Wind Energy Association (AEE) reveals that wind power saved Spanish electricity consumers €4.6
surinenglish.com·5mo ago
Europe's Renewable Energy Milestone: Wind and Solar Now Outpace Fossil Fuels in Power Generation
Europe has reached a significant energy milestone, with wind and solar power generation now surpassing fossil fuels for the first time. In 2
e360.yale.edu·4mo ago
UK Secures Record 6.4GW Renewable Energy Capacity in Latest Auction, Making Onshore Wind and Solar 50% Cheaper Than Gas
The UK government has secured a record 6.4 gigawatts of solar, onshore wind, and tidal power in its latest renewable energy auction (AR7a),
carbonbrief.org·4mo ago
Energy Dome Launches 20-Megawatt CO2 Battery Storage Facility in Sardinia for Grid Energy Storage
Energy Dome has launched a 20-megawatt CO2 battery energy storage facility in Sardinia that uses 2,000 tonnes of carbon dioxide to store exc
spectrum.ieee.org·6mo ago