XM does not provide services to residents of the United States of America.

Italy split on possible solar plant curbs that may jeopardise green goals



<html xmlns="http://www.w3.org/1999/xhtml"><head><title>Italy split on possible solar plant curbs that may jeopardise green goals</title></head><body>

By Giuseppe Fonte and Francesca Landini

ROME, May 6 (Reuters) -Italy's rightwing coalition is split over a possible ban on the installation of solar panels on agricultural land, according to draft decrees and government officials, a move that could jeopardise Rome's decarbonisation goals.

At the end of a meeting of G7 energy ministers last week, Italy and its partners committed to triple installed renewable energy capacity by 2030 and phase out coal-fired power plants in the first half of the next decade.

But a draft decree prepared by Agricultural Minister Francesco Lollobrigida and seen by Reuters rules that "areas classified as agricultural by municipal plans are unsuitable for the installation of photovoltaic systems with modules placed on the ground".

The ban is part of a broader package of measures aimed at protecting farming and fisheries.

Lollobrigida's plans have however met resistance from Energy Minister Gilberto Pichetto Fratin, who supports national efforts to decarbonise, government officials said, adding the issue would be discussed at Monday's 1530 GMT cabinet meeting.

A separate draft includes references to "provisions aimed at limiting use of agricultural land" without detailing them, a signal that the dispute is still alive.

Neither ministry was immediately available for comment.

Italy last year added nearly 6 gigawatt (GW) in renewable energy capacity, mainly through the development of small solar plants, with wind projects accounting for only 8% of the new green capacity.

Limits on solar plants could negatively impact energy companies including ERG ERG.MI and ALERION ARN.MI, which have growth targets in the solar sector, financial analysts at Italian broker Equita said.

On the other hand, a slowdown in the development of solar capacity could be positive for power generators including Enel ENEI.MI, A2A A2.MI and IREN IREE.MI, which may suffer pressure on prices if solar energy accelerates, the analysts said.



Reporting by Giuseppe Fonte in Rome and Francesca Landini in Milan; Editing by Nick Macfie

</body></html>

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.