Italy as prime example of global net zero emission aspirations
The wind energy sector is set for a development boom the coming years. Nations around the world are gearing up for a substantial expansion in renewable energy to offset concerns over energy security. Europe, for example, aims to be climate neutral by 2050 through European Green Deal and the global Paris Agreement.
The European Commission has unveiled plans that target investments of €1 trillion to support the European Green Deal’s aim of achieving net-zero greenhouse gas emissions in the EU by 2050.
Italy is one of the many countries who is committed to working on net-zero targets. Large growth in renewable generation has been catalysed through the long-term vision of the Italian government to meet its carbon neutral target by 2050. Near-term support has been established to support the deployment of distributed renewable energy.
Reliable Feed-in-Tariff In 2019, the Italian Government signed a Ministerial Decree that will grant new renewable energy sources (so-called “FER1 Decree”). Qualifying projects, including onshore wind, will benefit from new incentives. The scheme has been approved by the European Commission under state aid rules.
The scheme will apply until the end of 2021 and will provide new incentives of approximately up to €5.8 billion. The Government expects that it will allow for the construction of new plants with a total capacity of about 8,000 MW and with investments estimated to be in the region of €10 billion.
FER1 Italian incentive program
The new public incentive program in Italy, called FER1, aims to pay for 20 years the energy produced by the wind turbine at a price of € 0.15 for each kWh produced.
Our new WES 34/100 turbine has been developed to obtain the maximum profit from the new FER1 incentive decree. The IRR reference economic index is expected to be between 10% and 15% (depends on the location of installation). With an average annual wind speed of at least 5.5 m/s to 6.0 m/s you can serenely guarantee yourself a great business.
We actually reduced the maximum power output of the original Lagerwey / WES 250kW turbine from 250kW to 100kW in order to comply with the new FER1 incentive scheme up to 100kW. The result is that the wind turbine achieves very fast power at lower wind speeds (with the larger rotor surface). Therefore will have a higher kWh production during the 20 years incentive period.
The WES wind turbine has proven itself a durable, reliable high-performance solution. The first turbines, that have been operational since 1983, are still going strong and continue to generate energy for their owners.
If you want more information about the Italian market or if you are interested in our wind energy solutions for your country, do not hesitate to contact me.