Spanish developer Matrix Renewables has signed a strategic partnership agreement with Spanish renewable energy company Energía Aljaval to co-develop at least 300MW of solar projects in Italy.
Swiss fund manager SUSI Partners, through its Energy Transition Fund (SETF), has launched a solar PV development platform in Italy that aims to deploy 500MW of utility-scale solar PV after identifying Italy as a key growth market.
More than half of Italy’s installed solar capacity is subject to a new law that requires plant owners to pay the country’s government an increase in profits resulting from high electricity prices, according to a board member of trade body Italia Solare.
A new policy in Italy that claws back the profits of solar PV projects will undermine investor confidence and jeopardise the European Union’s clean energy transition, a group of trade associations, including SolarPower Europe, has warned.
Greek industrial group Mytilineos said its renewables and storage unit continues with “full speed” to invest in solar and battery energy storage systems globally following a 2021 that saw the business expand its PV engineering, procurement and construction (EPC) operations.
Italy’s government will limit the windfall profits of some feed-in tariff-backed solar PV projects that have been able to benefit from rising energy prices.
Energy major Shell has acquired 100% of PV project developer Solar-Konzept Italia (SKI), taking its solar development pipeline in Italy to around 2GW in the process.
Spanish solar company Soltec Power Holdings, through its subsidiary Powertis, has sold a controlling stake in 421MW of its solar PV projects and 90MW of energy storage in Italy to German investment firm Aquila Capital under a co-development agreement.
