With the move, the Italian infrastructure fund has raised its operational renewable energy portfolio to 1 GW and secured access to the Spanish market for its EF Solare unit.
The Italia Solare Forum event held in Rome laid bare the difficulty of securing permits for large scale projects at national and regional levels. Fast-tracking the process for big solar parks appears necessary to get Italian PV back on track.
The European Commission has approved use of funds given by seven member states to back Europe-wide R&D projects across the lithium-ion battery value chain, with the aim of potentially unlocking an additional €5 billion in private sector investment.
The Italian utility has agreed to buy the PV development pipeline for an undisclosed sum via a subsidiary, and vowed to start building its first large-scale, subsidy-free PV plant in the early months of 2020.
In a short conversation with pv magazine, the company’s CEO, Vito Nardi, said shipments for this year are expected to reach 866 MW. The inverter manufacturer also expects a rate of production of 2 GW per year by the end of next year.
The German project developer’s pipeline consists of solar plants with land and grid-connection approval across Apulia and Basilicata. Some of the projects are planned in the province of Brindisi, which already hosts several solar parks which have stirred strong resistance from local authorities and civil associations.
The investment manager is now Europe’s largest renewable energy fund. The €1.3 billion group already has a 1.8 GW generation portfolio.
Italy’s main solar event, the Key Energy fair held in Rimini, demonstrated the continuing importance of rooftop PV for Italian renewables but also promised a gradual return for large scale solar. Industry insiders are hoping for at least one gigawatt of solar next year, on top of a projected 600 MW this year.
Parent company FlixMobility plans to test hydrogen fuel cell vehicles in Europe.
The Swiss multinational has opened a production facility for energy storage systems for the mobility market and placed a 900 kW rooftop array on one of its Italian factories.
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