Italian solar energy storage subsidies

What is the EU state aid scheme for energy storage in Italy?

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 payments covering investment and operating costs for those developing, building and operating large-scale energy storage in Italy.

Does Italy have an eco-bonus for solar energy?

Over the past several years, the 50% eco-bonus for PV associated with sustainable-building projects has been one of the main drivers of solar energy development in Italy, according to pv-magazine. The Italian government has raised the so-called eco-bonus for building renovation projects, including PV installations and storage systems, to 110%.

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.

Why did Italy raise the 'eco-bonus' for photovoltaic installations & storage systems?

The Italian government has raised the so-called eco-bonus for photovoltaic (PV) installations and storage systems from 50% to 110%, effectively enabling homeowners to install PV systems at no cost. The higher subsidies are part of measures to bolster the country’s economy amid the COVID-19 crisis.

How will Italy help consumers reduce their energy bills?

Italys Ministry of Economic Development in Rome. The Italian government today introduced a new package of measures to help consumers and businesses reduce their energy bills that includes a retroactive cut on the incentives the Italian energy Agency GSE pays to the owners of PV systems exceeding 20 kW in size under the Conto Energia Program.

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.