WEMO24-Compiled Report-Interactive compressed (002) 4154-7882-8116 v.1 - Flipbook - Page 173
MARKET
DATA
• Italy is considering a significant shift in its energy policy with the creation of a new company focused on the development of small nuclear reactors. Discussions are ongoing with Ansaldo
Nucleare, Enel and Newcleo about the potential development of the plan.
• The Italian government approved a plan worth €27.4 billion to promote green investments and ease the cost of energy for the industrial sector. The plan is expected to trigger
investments in renewable power production and energy security.
Terna is an electricity transmission system operator that owns virtually all the
Italian National Transmission Grid, responsible for operating and managing
the national electricity transmission grid. Terna also handles dispatching of
electricity throughout Italy.1
CO₂ emissions (million tons of CO₂ equivalents)
300
2023 Development Plan: Terna has introduced the 2023 development plan
where one of the main features is introducing the hyper grid network. This will
leverage the technologies of the HVDC (High Voltage Direct Current)
transmission system to achieve the energy transition and security targets.₂
2%
1%
2023 Electricity Mix
350
331.0
312.7
337.0
7%
Thermal
Hydro
Solar
Wind
Geothermal
Pumping
10%
250
10%
200
70%
150
100
2021
New generation capacity- Solar (In GW)
2022
2023
Source: Terna
Source: Statistical Review of World Energy Data 2024
91.8
90
New generation capacity- Wind (In GW)
30.6
80
30
2%
70.2
2023 Electricity consumption by sector
60
0
23%
2023
2030
40
23.4
Industrial
20
Source : Terna
Italy has retained key expertise in the sector. State-controlled utility Enel
has agreed with France's EDF to develop four reactors in Italy. Enel operates
nuclear power stations in Spain and energy major Eni is investing in a project
to develop a nuclear fusion reactor in the United States.
Sources:
1 – Terna 2 – Terna 3 - Ember; 4 – Trade.gov
https://www.power-technology.com/news/italy-small-nuclear-reactors/
https://www.reuters.com/article/business/energy/enel-ceo-says-still-sees-nuclear-relaunch-in-italy-idUSLDE73D1MG/
https://www.reuters.com/business/energy/italy-inches-towards-reversing-nuclear-energy-ban-2024-09-07/
https://www.offshore-technology.com/news/snam-transition-investment/?cf-view
https://www.yahoo.com/news/italy-approves-27-4-billion-185439859.html
https://www.energyinst.org/_ _data/assets/pdf_file/0006/1542714/EI_Stats_Review_2024.pdf
https://download.terna.it/terna/Monthly%20Report%20on%20the%20Electricity%20System_December_23_EN_8dc1dc5bc60e6a5.pdf
https://img.saurenergy.com/2024/01/european_ppa_market_outlook_2024_v7_high_res.pdf
https://go.pexapark.com/l/891233/2023-02-08/cjj25/891233/1675852816rjodUGY4/European_PPA_Market_Outlook_2023_V9.pdf
https://www.irena.org/-/media/Files/IRENA/Agency/Publication/2024/Mar/IRENA_RE_Capacity_Statistics_2024.pdf?rev=a587503ac9a2435c8d13e40081d2ec34
https://www.euronews.com/green/2024/01/23/italy-set-new-solar-and-wind-records-last-year-but-is-still-off-track-for-2030-expert-says
Households
0
2023
Italy inches towards reversing a nuclear energy ban as Italy plans to draft,
by early 2025, rules to allow the use of new nuclear power technologies. In
its energy and climate plan (PNIEC), nuclear power could meet up to 11% of
domestic energy demand in 2050.
Tertiary
46%
2030
Agriculture
29%
Source: Terna
Sources: Statista
Carbon Tax
In Italy, a proper carbon tax has never been introduced. They are
trying to follow the European Union Emission Trading System (ETS).
In 2021, this covered 36.2% of GHG emissions. In total, 81.8% of the
emissions were subject to a positive Net Effective Carbon Rate in
2021 under ETS.
Sources: Science Direct, Reuters
2023: Total PPA Deals
24
25
20
15
10
8
10
5
0
2021
Source: Pexapark- European PPA Market Outlook
2022
2023
WEMO 2024
60
173
Italy
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