Energy
April 3, 2024
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European Energy Pours €500 Million into Italian Agrivoltaics

European Energy significantly expands its Italian renewable energy portfolio, dedicating €500 million to agrivoltaics projects that integrate solar power production with sustainable agricultural practices.
European Energy Pours €500 Million into Italian Agrivoltaics
Agrivoltaics - NREL

Danish renewable energy leader European Energy (EE) is accelerating its commitment to Italy with a €500 million investment surge, focused primarily on agrivoltaics. Agrivoltaics, the practice of simultaneously using land for both solar power generation and agriculture, offers a synergistic solution for sustainable energy and food production.

Italy's recent policy initiatives have created a welcoming landscape for agrivoltaics. "A dedicated decree provides over a billion euros in support, along with regulations addressing potential land-use conflicts. Italy is rapidly becoming a key global market," explains Alessandro Migliorini, Country Manager for EE Italia.

Strategic Partnership for Innovation

To capitalise on this momentum, EE Italia has forged a strategic partnership with the University of Tuscia. The collaboration will prioritise crop optimisation and advanced agricultural practices under solar panels. "This partnership will ensure that our projects demonstrate the full benefits of agrivoltaics, supporting authorisations and maximising agricultural yields,"  states Migliorini.

National Expansion with Agricultural Focus

EE Italia's ambitious investment plan spans four to five years, targeting Italy's agricultural heartlands like Veneto, Piedmont, and Emilia Romagna. The company plans to continually grow its project pipeline, spurred on by the EU's Red 3 directive, which is expected to further promote agrivoltaics.

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