On Tuesday 17 December, the European Commission gave the green light to a €9.7 billion Italian State aid programme to support the production of renewable energy. Italy wants to subsidise the construction of new offshore wind, photovoltaic, hydropower and sewage gas plants. Together, the future facilities should add up to 17.65 GW of renewable energy capacity.
The budget of €9.7 billion indicated for the scheme is based on market price estimates. Actual net support may be considerably...