In June, the Italian government approved a EUR-bn subsidy scheme for the renewables sector - with the funds set to be distributed to project developers over a ---year timeframe. This will entail EUR---mn in earmarked funds on an annual basis over the envisioned timeframe of the support mechanism. ...This will entail EUR---mn in earmarked funds on an annual basis over the envisioned timeframe of the support mechanism. After protracted policy uncertainty over the last several years, the availability of long-term funding, coupled with the continued transition to a closely calibrated reverse capacity auction system that is regulated by capacity caps and competitive bidding, will be conducive to growth that is more economically sustainable for Italy s public finances. In April, the European Commission (EC) released an interim report on its inquiry on capacity mechanisms for the thermal power sector in Europe, which includes the Italian power market. ...Under the new scheme, these generators will face higher charges in case they do not offer the supply committed - a system that is intended to put an end to the practice of holding back supply from the day-ahead market in order to make it available in the real-time balancing market at a higher price. According to media reports, the new rules have been introduced with a tolerance band of
...BMI View: Our growth outlook for Italy s non-hydropower renewable energy sector improved this quarter as a result of the approval of a sizeable long-term incentive scheme for the industry. This will mitigate regulatory uncertainty in the Italian power market, which has been one of the key headwinds to investment in the country. However, Italy will continue to face problems such as overcapacity, low wholesale power prices and contracting power consumption. In this context, we maintain that the solar, wind and transmission and distribution segments will be the most attractive sectors for investment in the Italian power market. However, Italy will continue to face problems such as overcapacity, low wholesale power prices and contracting power consumption. ...In this context, we maintain that the solar, wind and transmission and distribution segments will be the most attractive sectors for investment in the Italian power market.
...� Business Monitor International Ltd Page - plus or minus -- around companies forecasts for their day-ahead demand and supply; this band will be tightened to plus or minus -.- from January - ----. In July, Italy s main utility Enel approved the acquisition of fibre-optic firm Metroweb, which will be merged with its subsidiary Enel Open Fiber. ...
