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9 months ago

EU approves Italian subsidies for offshore wind, innovative renewable

A solar panels array, part of the renewable energy community of Politecnico di Milano is seen in Milan, Italy, April 8, 2024. 
A solar panels array, part of the renewable energy community of Politecnico di Milano is seen in Milan, Italy, April 8, 2024.  Photo : Reuters/Claudia Greco/Files

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The European Commission has approved an Italian state aid scheme for nearly 4.6 gigawatts (GW) of new capacity for electricity from renewable energy sources, including offshore wind power projects, Brussels said on Tuesday.

The scheme, which will run until the end of 2028, will support the construction of new plants running on innovative technologies, including geothermal energy, floating solar, tidal, wave and other marine energy as well as on biogas and biomass, the European Commission said.

The aid will be financed through a levy which will be included in electricity bills and paid by consumers.

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