Weekly renewables M&A round-up (Jun 27-Jul 1)
Jul 01, 2022 17:05 CESTItaly launching EUR-1.5bn measure for rooftop solar in agriculture
Solar array. Author: h080.
March 28 (Renewables Now) - A decree that provides for the launch of a EUR-1.5-billion (USD 1.65bn) measure to support solar in Italy’s agricultural sector was signed on Friday by agriculture minister Stefano Patuanelli.
Funds for the initiative have been earmarked as part of Italy’s National Recovery and Resilience Plan. A 40% share will be dedicated to financing projects in the regions of Abruzzo, Basilicata, Calabria, Campania, Molise, Puglia, Sardinia and Sicily.
The measure’s objective is to support the installation of 375 MW of photovoltaic (PV) panels on buildings in the sector, including agro-industrial sites.
The ministry said that the European Commission will now be notified and then a tender seeking applications for projects will be initiated.
Support could also cover costs of redevelopment and modernisation, including, for instance, insulation, which would contribute to better conditions for livestock.
The diversification towards renewables will also help to reduce energy costs for companies in the sector, the ministry noted.
(EUR 1 = USD 1.100)
More stories to explore
Corio, Jera ready Formosa 3 for Taiwan offshore wind auction
Jul 01, 2022 16:12 CEST
Cost of new renewables climb, but gap to fossil power widens
Jul 01, 2022 16:07 CEST
Germany opens public consultation on offshore wind development plan
Jul 01, 2022 15:48 CEST
East Energy, utility to use green H2 to decarbonise district heating in Brandenburg
Jul 01, 2022 15:43 CEST
Biden pledges to take action as court limits EPA's authority
Jul 01, 2022 15:38 CESTShare this story
Tags
About the author
