European Commission Approves $39B Italian Renewable Energy Aid Scheme

The European Commission has approved, under EU State aid rules, a EUR 35.3 billion (USD 38.5 billion) Italian aid scheme to increase electricity production from renewable sources by 4,590 megawatts.

The Italian scheme aligns with European Green Deal objectives and will run until December 21, 2028. The aid is a levy included in consumers’ electricity bills.

“This scheme enables Italy to support the production of renewable electricity from various technologies, including innovative ones. The measure helps Italy meet its emission reduction and electricity production targets. It will also contribute to achieving the European Green Deal objectives while limiting possible distortions of competition”, Margrethe Vestager, executive vice president in charge of competition policy, said.

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