Italian Market Environment

The Italian solar industry benefits from high levels of solar radiation, particularly in the south, where conditions for solar energy production are considered ideal. Cultural awareness of environmental protection and strong public support for renewable energies have supported the Italian government’s commitment to a positive energy transition.

The government has proposed various policies and initiatives to support and increase the need for an accelerated implementation of solar energy production. At least 70 GW of renewable energy is to be fed into the national grid by 2030 to achieve the target share of 45% of renewable energy supply. The “super bonus” incentive for installations in residential buildings helped to increase the number of systems in residential buildings, which together account for more than 60 percent of the solar energy generation market.

Italy’s goal of reducing CO2 emissions is in line with European Union policy. In addition, the country’s policies, including subsidies and tax incentives for solar projects, improve financial viability for developers and consumers alike.

 

 

Source: www.mordorintelligence.com