R.Power targeting 1GW of solar PV in Italy over the next year

Facebook
Twitter
LinkedIn
Reddit
Email
R.Power sees Italy as a key growth market following recent reforms to permitting and environmental assessments. Image: R.Power.

Polish PV developer R.Power is targeting the development of 1GW of solar projects in Italy in the next 12 months.

The Warsaw-headquartered company said it had already signed agreements with Italian landowners for 100MW of PV farms in the past month and that it saw the country as a key growth market moving forward.

“Over the next 12 months, our portfolio of projects under development is expected to reach 1GWp,” said Jakub Charaszkiewicz, R.Power’s head of development in Italy.

“We want to invest in diverse projects – both geographically and in terms of project size and type. These will include both farms on industrial land and agrivoltaic projects,” added Charaszkiewicz.

In January, Italy allocated 975MW of solar PV and wind capacity in its seventh renewables auction, with R.Power amongst the winning bidders.

“We are just building our first power plants that won the auctions at the beginning of 2022 and we see great market potential precisely thanks to the PV auction system as well as the growing area of PPAs,” said Charaszkiewicz.

Under its National Energy Development Plan, Italy is targeting 50GW of solar by 2030. It has introduced laws to simplify permitting – a major drag on project development – in certain agricultural areas and has brought environmental permits for large PV projects under the remit of local authorities, which it hopes will expedite project development.

“The changes introduced will undoubtedly radically develop the PV sector in Italy and attract new investors,” said Charaszkiewicz.

Once amongst the leading PV markets in Europe, Italy’s early growth was spurred by its high levels of irradiation and the launch of a number of government support schemes. But changes in policy support has led it to lag behind other European markets. PV Tech Premium has taken a close look at Italy’s solar PV balancing act.

15 September 2022
Bifacial PV modules will be the dominant solar PV technology globally within one or two years; in the utility-scale sector, their market share is already above 70%. This webinar will provide a clear view on the successful implementation of bifacial technology, maximizing system performance and minimising LCoE.
4 October 2022
Solar & Storage Finance USA, the only event that connects developers to capital and capital to solar and storage projects, will be back in November 2022.

Read Next

August 15, 2022
German energy company RWE’s onshore renewables business has undergone a dramatic change in fortunes on 2021, with 1H 2022 seeing the unit return to profitability following a poor H1 2021 performance, while during the first half of the year the company invested €2 billion (US$2.04 billion) in the expansion of its green portfolio.
August 15, 2022
The US House of Representatives on Friday passed the Inflation Reduction Act (IRA). The largest climate package in US history will now move to the desk of President Joe Biden, where it is expected to be signed into law as early as today.
August 15, 2022
How can solar PV projects boost their power output and raise profits amid rising module, land and equipment costs
August 11, 2022
German project developer Energiequelle has entered the Polish renewables market with an eye on 30 projects with more than 1GW of capacity.
August 11, 2022
Finlay Colville, Solar Media's head of market research, lays out the UK's path to achieving 40GW+ of solar PV by 2030 after rebounding from recent headwinds in its solar sector
August 10, 2022
OMERS Private Equity has acquired a minority stake in the Arizona-headquartered solar operations & maintenance (O&M) provider NovaSource Power Services.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
September 7, 2022
15:30 AEST (UTC +10)
Solar Media Events
September 14, 2022
London
Solar Media Events
October 4, 2022
New York, USA
Solar Media Events
October 11, 2022
Virtual event