The FER Decree, operational from the end of June, will support the production of sources such as land wind, solar photovoltaic, hydroelectric and residual gas from the purification processes.
“A greater use of renewable energies in energy production is essential for the future of our planet and the environment – says the European Commissioner for Antitrust, Margrethe Vestager – The 5.4 billion euro scheme will increase the level of electricity production from renewable sources in Italy. This is in line with the EU’s environmental objectives and our common state aid rules”.
The incentives will take the form of a premium, in addition to the market price, which may not exceed the difference between the average cost of production for each renewable technology and the market price.
For projects above MW, the premium will be fixed through competitive bidding procedures, the so-called “downward auctions”, open to all installations, regardless of the technology.