This year in July, Italy announced that it will hold the first of seven auctions for renewable energy in September, aiming at selecting producers for the first 500 megawatts of clean power under the terms of a June ruling from the European Union (EU). According to the plan, Italy to generate at least 4.8 gigawatts of new energy through the use of solar and wind power generation over two years.
The auction will take place on 30th September in which companies and other entities producing at least one megawatt of power will participate.
In addition to the Sept. 30 auction, similar auctions will take place on Jan. 31, May 31, and Sept. 30 in both 2020 and 2021. The first two rounds will be for 500 megawatts each, the next three for 700 megawatts, and the final two for 800 megawatts.
The main reason for holding this auction is that Italy targets to increase to at least 17 percent by the end of next year and to 30 percent by 2030. Italy is already on pace to meet EU-mandated renewable energy targets. The country currently gets around 16 percent of its energy mix from renewable sources.
As Italy is a natural base for solar and wind energy it insists on doing more for the world.