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How big is the market for renewable energy in Italy?

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“Sustainable energy is not just a technological or economic challenge, it is also a social, environmental and political challenge.” – Roberto Gandolfi, President of the National Association of Renewable Energy Pro

The fight against climate change and the pursuit of sustainable development in Italy both depend heavily on renewable energy. The usage of clean, renewable energy sources including solar, wind, geothermal, hydroelectricity, and biomass in the nation has significantly increased in recent years.

Italy’s utilization of renewable energy accounted for 29.3% of national consumption in 2020. By 2030, the government wants to increase the usage of renewable energy by 50%. Feed-in tariffs, tax credits, and subsidies are just a few of the laws and incentives the nation has put in place to promote the creation of renewable energy projects. As a result, the number of renewable energy projects and businesses functioning in Italy has significantly increased.

Italy has made a concerted effort to raise the proportion of renewable energy in its total energy mix. The nation has set ambitious goals, aiming to use 17% renewable energy by 2020, 31% by 2030, and 50% by 2050.

Some of the key aspects of the renewable energy market in Italy:

  • Solar energy: A strong solar energy market with a significant installed capacity of photovoltaic solar power. The country also implemented various policies for promoting solar energy use such as feed-in tariffs.
  • Wind energy: With a sizable installed wind energy capacity, Italy has a rising wind energy sector. Additionally, the nation has put rules in place to encourage the usage of wind energy.
  • Hydroelectricity: Hydroelectricity has a long history in Italy and continues to be one of the primary sources of renewable energy in the nation.
  • Biomass: With a sizable installed capacity of biomass electricity and heat, Italy has a robust biomass market.
  • Geothermal energy: The geothermal energy industry in Italy is still rather modest yet expanding. The nation has also put measures in place to support the usage of geothermal energy.

Italy’s market for renewable energy is expanding as the nation moves closer to its renewable energy goals. The Italian government has put in place several measures to encourage the use of renewable energy sources and to assist the growth of the market for such sources.

Source: trade.gov, enelgreenpower

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