Italy’s Council of Ministers has approved measures to boost the country’s energy security and renewable power production, in a package that is expected to trigger €27.4bn in investments. Among the measures, Italy notably plans to select two maritime state-owned areas in Southern Italy that will be devoted to the construction of new offshore wind projects. The Italian Government also plans to set aside €350m per year until 2032 to finance projects aimed at overcoming local opposition against the installation of renewable plants in the country.
Other measures include the development of carbon capture and storage (CCS) facilities and a provision which will allow Italy to accelerate work on two new onshore LNG terminals promoted by Enel in Porto Empedocle and by Iren and Sorgenia in Gioia Tauro. New permits will also be issued for the production of hydrocarbons, in exchange for the commitment of producers to sell quantities of gas to the GSE, which would allocate them as a priority to gas-intensive companies. In addition, the decree allows territorial authorities to submit applications to host radioactive waste, in order to speed up identification of the storage areas.
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