Italy has been slow and relatively late to enter the renewable energy market as compared to its other European counterparts such as Sweden and Scotland.
Italy has been making slow or very little progress in the energy sector which was already dying. The Italian energy sector has been in a turmoil since the nation hit an economic crisis and hasn’t recovered since and when it showed signs of improvement it was hit by hikes in prices of the fossil energy it imported to meet the major consumption demands of the nation. This situation further worsened when the politics of the nation got involved and introduced a new political crisis in the mix to make the matter so worse that it bought the nation on the brink of an imminent energy crisis. Italy is now seeing some interest from the foreign investors in its energy sector as the nation’s energy giants ENEL and some more are making a name for the nation in the global markets. Swiss energy trader DXT Commodities has agreed to buy the output of a solar plant being built in Italy in a five-year power purchase agreement (PPA) with German investment company KGAL and steelmaker ORI Martin.
With more deals of these kinds, the Italian energy sector can hope for its revival but alone the private sector cannot do this the government of Italy should also plot some plans and policies to promote their energy sector and revive the dead industry from its grave to meet the energy demands of the nation.