Following the Danish Royal Visit to Italy in 2018, DI and the Danish Embassy in Rome organize this digital meeting to elaborate on the Danish presence in Italy and to offer insights on the main Italian energy companies.

GREEN TRANSITION AND INCREASE IN ENERGY SUPPLY NEEDED

Although Italy has been moving in a more sustainable direction, there are still steps to be taken in the green transition of the country. According to the International Energy Agency, more than 45 % of the energy supply stems from oil and coal, while Italy imports energy to meet the energy demand. This represents a great opportunity for Danish companies operating in the industry to introduce themselves and potentially fill the gap in the Italian supply chain.  

INFORMATION ON THE ITALIAN COMPANIES INVOLVED

ENEL X, a division of the Enel group, is leading the energy transformation all over the world. By making the complex simple, Enel X enables its clients to use technology to transform energy into new opportunities for growth and progress. Enel X is a company with strong roots in the energy sector and it has an open strategy that is geared towards digitalisation, sustainability and innovation.

ENI is a global integrated energy company whose main goal is to play a key role in the energy transition towards a low-carbon future. The company boasts a number of high-level partnerships and projects in Italy and abroad that allow them to develop solar, wind and wave power in tandem with their traditional business. The new Eni has renewables at the center of its strategy and aims to reach an installed capacity of 55 GW by 2050. Starting from 0.2 GW in 2019, Eni divided its path by precise milestones in their long-term Strategic Plan for 2050.

During the meeting, State of Green will give a brief introduction to Danish strongholds sustainable energy. The Italian energy companies will provide insights into the future needs of the Italian energy sector. Eventually, the Danish companies will present their solutions and technologies.

WHY JOIN?

As a response to the financial consequences that COVID-19 has caused for Danish companies, the organizers attempt to set up the digital framework for companies to boost their exports. By participating in this meeting, you will get

• To meet relevant officials and decision-makers from energy companies in Italy, such as Enel X and Eni.
• To be a part of an aggregate effort to showcase and substantiate that Danish strongholds within the industry are world-class
• To be featured in export catalogue
• Insights into the latest development and future investments within the energy sector in Italy, with a specific focus on the use of EU recovery funds
• to explore the explicit market opportunities within energy production and energy efficiency

Who should join?

The meeting is relevant for all companies within sustainable energy production and energy efficiency:

• Wavepower
• Geothermal Energy
• Wind energy
• Solar
• Bioenergy
• Waste to energy
• Energy efficiency

Possibilities after the meeting 

• An aggregate export delegation in 2021
• A Strategic Business Alliance
• Services by request for each individual participating company

The Italian Energy Sector

Key Facts

• Italy is one of the countries that have led the deployment of renewable energies. It is also one of the eight EU members that have committed to phase out of coal in their National Energy and Climate Plans (2021-2030)
• Italy has a long-term vision for its energy strategy: to achieve 28% of energy consumption from renewable sources, with a target of 55% of production coming from ‘green’ sources
• In 2020, the total energy produced by hydroelectric, solar, wind, bioenergy and geothermal power accounted for 17.8% of final gross Italian consumption, exceeding the 17% target set for the same year
• €74.3 billion of EU Recovery Fund will be allocated to “green revolution”
• Italy ranks 17th in terms of attractiveness for foreign and national investments in the renewable energy sector and according to the “Renewable Energy Country Attractiveness Index”

Overview               

In 2019 Italy launched the “Integrated National Energy and Climate Plan” (INECP) with the aim to contribute to a wide-ranging transformation of Italy’s economy. Decarbonisation, Circular Economy, Energy Efficiency and the rational and fair use of natural resources represent the main objectives and tools for an economy that is more respectful of people and the environment.

Decarbonisation is the main objective of the plan: 2030 has been set as an interim milestone with the aim of achieving full decarbonisation of the energy sector by 2050 and integrating environmental factors in other public policies.

Italy plans to reach the target of 30% of gross final consumption of energy from renewable sources by 2030, defining a pathway of sustainable growth for renewable sources and the full integration thereof into the system.

Key Opportunities in the market

• Estimate of €180 bil investments within 2030 for the National Energy System.
• Further investments of €27.5 bil in Photovoltaic sector to reach INECP targets
• EU Recovery Fund: Italy has drawn up a “National Recovery and Resilience Plan” (NRRP) which includes energy efficiency and renewable energy as key sectors. In particular, 18.22 bil € will be allocated to Renewable Energy projects and 29.35 bil € to energy efficiency projects