Italy signs 320 million euros in energy subsidies, with energy storage systems accounting for 30%!

On December 5th, according to overseas media reports, Italian Minister of Enterprise and Manufacturing Adolfo Urso signed a new decree that will provide 320 million euros in energy subsidies to support small and medium-sized enterprises in investing in the development and utilization of renewable energy. The aim is to increase the self consumption rate of photovoltaic or small-scale wind power to reduce dependence on foreign energy. The subsidy coverage includes user side energy storage systems, etc.
It is reported that this policy funds 320 million euros, of which 40% of the funds will be provided to eight regions including Abruzzo, Basilicata, Calabria, Campania, Molise, Puglia, Sardegna, and Sicily, and the other 40% will be reserved for small and micro enterprises.
The subsidy scope includes: 30% for medium-sized companies; 40% for small and micro enterprises; The energy storage subsidy amount will account for 30%; In addition, 50% of the subsidy will be used for energy diagnostic planning.
In addition, according to the subsidy rules, the project investment amount is required to be no less than 30000 euros and no more than 1 million euros, and is related to a single production unit of the development entity.
Moreover, the document clearly states that the subsidy scope includes the purchase, installation, and commissioning of new tangible assets by users from the date of submitting the subsidy application, especially photovoltaic or small-scale wind power devices that meet relevant requirements, including: digital equipment and technology that strictly cooperate with factory operations, energy storage systems used to generate energy; Plan the energy diagnostic system required for intervention.
Not long ago, Italian power grid operator Terna released the energy installation situation in Italy. The data shows that as of October 31, 2024, Italy has put into operation 38.8GW of photovoltaic power projects and 12.9GW of wind power projects, with a total installed capacity of 75.2GW of hydropower and about 707000 energy storage projects. The total installed capacity of energy storage is 5186MW/11783MWh, of which 864MW is a utility scale energy storage system. This also means that the installed capacity of user side energy storage systems in Italy accounts for more than 83%.
From January to October 2024, Italy added 6042MW of renewable energy installed capacity, including 5482MW of photovoltaics, a year-on-year increase of over 30% compared to 2023. Among the newly added energy storage projects in these ten months, 616MW of energy storage systems were connected to the grid.