Europe's 23 billion euro aid for Italy's clean energy
The European Commission has approved an Italian support plan valued at 23 billion euros to enhance electricity generation from renewable energy sources, aiming to accelerate the transition to a net-zero emissions economy and achieve the European Union's 2030 targets. The initiative will support the construction of wind, solar, and hydropower facilities, expecting to add approximately 37.15 gigawatts of renewable electricity capacity, representing about 48% of Italy's current capabilities. Support will be provided through long-term premium contracts to ensure project funding and stimulate investments, with a commitment to competitive and transparent standards.
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