A wind turbine is pictured in the southern German town of Schonach, January 6, 2008. REUTERS\/Vincent Kessler <\/p>\n
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MILAN, May 11 (Reuters) - The Italian government is working on incentives to boost the roll-out of offshore wind facilities, Italys energy transition minister said on Wednesday.<\/p>\n
\"Incentive mechanisms are in the programming phase,\" Roberto Cingolani said, answering questions from members of parliament.<\/p>\n
Besides subsidies, Cingolani said offshore wind would also receive grants from Italys national Recovery Fund plan.<\/p>\n
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Rome is keen to speed up the build-out of renewable energy plants to help achieve climate goals and cut its reliance on Russian gas.<\/p>\n
It has introduced a series of measures aimed at simplifying the permitting process to attract investors.<\/p>\n
Cingolani said last year more than 60 developers had expressed interest in building offshore wind farms. These include ERG (ERG.MI), Eni (ENI.MI), Saipem (SPMI.MI), EDF-owned Edison (EDF.PA) and Fincantieri (FCT.MI). read more <\/p>\n
The overall generation capacity was well above the 2030 capacity target laid out in Italys latest energy plan.<\/p>\n
\"There has been an openness of operators to invest (in offshore wind) that is way above expectations, he said.<\/p>\n
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Reporting by Stephen Jewkes; Editing by Lisa Shumaker<\/p>\n
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Italy working on incentives for offshore wind projects - Reuters<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" A wind turbine is pictured in the southern German town of Schonach, January 6, 2008. REUTERS\/Vincent Kessler Register MILAN, May 11 (Reuters) - The Italian government is working on incentives to boost the roll-out of offshore wind facilities, Italys energy transition minister said on Wednesday Continue reading