Industry: Energy Region: Italy Transaction price: US$ 1 million Transaction method: equity investment
Project introduction:
The multi-year investment plan for small-scale photovoltaic power plants has a total installed capacity of about 220 MW, which is distributed all over Italy.
target
This project uses low-carbon energy-solar photovoltaic power station to generate electricity in Italy. Therefore, it solves the market failure problem of insufficient investment in clean energy production caused by the non-internalization of climate and environmental externalities. The project supports the EU renewable energy target and Italy's commitment to renewable energy (RE) target (65% RE by 2030) and greenhouse gas emission reduction, which was stipulated in the revised Integrated National Energy and Climate Plan (INECP) after the EU Green Agreement was published. Solar photovoltaic power plants are helpful to promote the energy and climate goals of the country and the European Union, that is, to reduce carbon emissions from power production in the European Union and reduce dependence on fossil fuels. Therefore, the project is in the common interest of Article 309 (c). In addition, some areas where the plant combination is developed are classified as priority areas of EIB cohesion, thus contributing to the development of underdeveloped areas. It is estimated that the investment plan is economically reasonable, because it will generate economic benefits, especially in climate action, by increasing investment in renewable energy, creating economic activities and reducing carbon dioxide emissions.
department
Energy-electricity, gas, steam and air conditioning supply