ELECTRICITY | RENEWABLES

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Italy boosts 2030 renewable capacity goal to 131 GW

(Montel) Italy expects to reach 131 GW of renewable energy capacity by 2030, more than doubling the country’s current green power fleet, according to a revision of its climate and energy plan seen by Montel.

The 131 GW goal in the document sent to the European Commission late on Friday was well above the previous target of 80 GW and significantly higher than the 58 GW installed by the end of 2021.

Solar power was expected to spike from 22 GW to 79 GW by 2030, while wind turbines – including 2.1 GW offshore –would reach 28.1 GW by the turn of the decade, compared to 11.2 GW currently.

Hydropower was set to remain unchanged at 19.2 GW.

Renewable power output in Italy would almost double from the current 119 TWh to 228 TWh in 2030, according to the revised document.

40% of energy

Italy expected renewables to cover 40% of the country’s total energy consumption in 2030, 13 percentage points higher than in the previous plan. Around 65% of the power production would be renewable by the turn of the decade.

This was in line with EU targets set in the Fit For 55 and RepowerEU plans, the government said in a statement late on Friday.

“We want to indicate a path to the transition that is realistic and not unrealistic, therefore sustainable for the Italian economic system. The document confirms Italy's commitment to climate change and energy security,” energy minister Gilberto Picheto Fratin said in the statement.

Italy will also invest in storage capacity, while the country will pass new legislation to spur green power forward trading.

The new plan said long-term instruments like contracts for differences (CFD) or power purchase agreements (PPA) could be used to finance new green energy projects and provide price signals.

Gas “indispensable”

Under the plan, gas will still play an “indispensable role for the national energy system”, the document said, adding “especially during periods of peak demand and when production levels of renewable sources are low”.

For instance, it said the Trans-Adriatic Pipeline (TAP) – which carries gas from the Caspian region to the EU via Greece and Italy – and related networks were “essential”.

The roadmap also expected to strengthen power interconnections with around 1.9 GW of new cross-border capacity by 2030, thanks to projects with Tunisia, Greece and Austria.

It also envisioned improving the grid to transport green electricity produced in the south to intensive consumption centres in the north.