€900mn For New RES Installations In Italy By 2020

• Italy has proposed setting aside €900 million ($1.04 billion) as incentives for new renewable energy installations by 2020
• It will support development of 6 GW of renewables, mainly solar PV that will generate at least 10 TWh of clean energy annually
• Rooftop solar PV installations that will replace asbestos roofs will get an extra incentive of €12 ($13.89) per MWh
• The official decree confirming these developments will be published sometime by the end of 2018

New renewable energy installations in Italy will be eligible for incentives from the Italian government that has approved up to €900 million ($1.04 billion) for that purpose by 2020. The Undersecretary of Italian Ministry for Economic Affairs, Davide Crippa said the government will publish an official decree for the incentives that will support installation of 6 GW of renewable energy projects.

Of this 6 GW, most will come from solar PV technology. In all, the entire capacity is expected to add at least 10 TWh of clean energy annually to the grid by the target year. According to the Italian Solar Association (Italia Solare), 700 MW of new rooftop PV installations that will replace conventional asbestos roofs will get an extra incentive of €12 ($13.89) per MWh. The decree is expected to be published in the official gazette by the end of 2018.

Earlier, in September 2018, Italia Solare had said the ministry has come out with a new draft of the incentives decree under which it allocated €250 million ($289 million) by 2020. It was to be discussed by the ministry along with industry stakeholders. Now it has increased the incentives to up to €900 million.

The country is scheduled to issue its first tender for utility scale PV plants in January 2019.