Italy's Ministry of Development (MISE) submitted a draft decree for a new incentive scheme, including a mixed auction for wind and solar over 1 MW, with 4.8 GW expected to be allocated in the period 2018-2020. The scheme would include an initial allocation of €100 million per year from 2019-2020, followed by annual increases until 2022. Other power projects over 1 MW that rely on different renewable energy technologies will see a total share of just 245 MW, assigned in separate auctions. MISE will tender 490 MW for the retrofitting of existing renewable energy power plants. Once approved by Italian authorities, the decree will go to the European Commission.
Italy's Ministry of Development (MISE) submitted a draft decree for a new incentive scheme, including a mixed auction for wind and solar over 1 MW, with 4.8 GW expected to be allocated in the period 2018-2020. The first auction will assign 500 MW of capacity in November. Other power projects over 1 MW that rely on different renewable energy technologies will see a total share of just 245 MW, assigned in separate auctions. MISE will tender 490 MW for the retrofitting of existing renewable energy power plants. Once approved by Italian authorities, the decree will go to the European Commission.