±JOIN OUR FREE NEWSLETTER
±Compare Expat Providers
±Expat Focus Partners
±Latest Financial Articles
· Life Down Under – 10 Things You Didn’t Know About Living In Australia
· The Top 5 Things American Expats Need To Know When Filing US Taxes Abroad
· Expat Focus Financial Update April 2018
· Expat Focus Financial Update March 2018
· Moving Abroad, Before And After Brexit
· Expat Focus Financial Update February 2018
· How To Navigate Brexit When Sending Money Abroad
· Expat Focus Financial Update January 2018
· Top Tips for Buying a Property Overseas in 2018
Renewable EnergyBack to top Back to main Skip to menu
Italy - Renewable Energy
Moreover, environmental awareness in Italy has been on the rise in the last few years. Many organizations and a few homeowners have shown some interest in switching over to electricity that has been produced by renewable energy.
Any form of energy, which is acquired from natural sources that can constantly be replenished is regarded as a renewable energy. The most common types of renewable energy around the globe include solar energy (sunlight), bio-energy (organic matter), wind energy (wind currents), geothermal energy (heat from the earth), ocean energy (sea) and hydropower (moving water or rain). Italy is currently investing in the research and development of solar energy, wind energy, geothermal energy and hydropower.
This country has the advantage of receiving ample sunlight because of its geographical location. Therefore, the solar photovoltaic sector is fast emerging as one of the dominant renewable energies. Several expats who build or restore houses in Italy are getting their architects to install solar panels to power the premises. These panels generate electricity when the sun shines; the energy is fed into the grid and the electric company pays the producer. This helps cut down electricity bills to a great extent. The amount of energy generated may vary from one region to the other, based on the amount of sunshine received. To increase production of energy additional panels may be installed.
At the moment though, the most important renewable energy source (RES) is Hydropower, which contributes to about 16% of the country’s gross electricity production.
Geothermal power is also being produced in certain parts of the and represents around 2% of the gross electricity production; in Larderello (Tuscany), electricity is generated from the steam that is naturally produced by hot rocks several kilometers under the ground.
Prospects for wind power in Italy also look good as the country’s turbines are producing the same amount of electricity as the geothermal plants. Wind turbines can be seen in several regions across the peninsula.
The Italian government has offered some incentives for the promotion of renewable energy. However, the incentives were recently cut down in the year 2012, thereby reducing profitability for the companies providing green energy. Any further revisions in the incentives could deter organizations from exploring the renewable energy sector.
As compared to countries like the US, Canada and Australia, the use of renewable energy in Italy is limited, especially among the urban population. At present, most of the renewable energy is used by organizations that enjoy incentives for going “green”. People living in apartments, villas and farmhouses do not power their homes with wind turbines, solar panels or other alternate forms of energy.
Some of the energy providers that are investing in the research and development of the renewable energy sector in Italy include:
Greentech Energy Systems A/S
Tel: +39 06 4879 3200
Fax: +39 06 474 6152
ENEL Green Power
Tel: +39 06 8305 8721/ 8305 9104
Fax: +39 06 8305 2700/ 6444 2758
Green Energy Italy
Tel: +39 03 4256 3572
Fax: +39 03 4259 8858
With an annual energy production of 84 terawatt-hours (TWh) from RES, Italy has become one of the leading European nations in the development of this industry. In the year 2013, renewable electricity contributed towards approximately 38% of all the electric energy produced in the country. In the first quarter of 2014, this figure rose to 40% and in April it touched 49%. In 2013, on the 16th of June, 100% of the country’s electricity demand was covered only by renewable sources for the duration of 2 hours.
However, Italy still has a long way to go, in order to achieve its targets that have been set for the year 2020. The Italian National Renewable Energy Action Plan aims at increasing the total share of renewable energy to 26%, with 18% in the heating/ cooling sector, 39% in the electricity sector and 14% in the transport sector.
Read more about this country
Expat Health Insurance Partners
At Bupa we have been helping individuals and families live longer, healthier, happier lives for over 60 years. We are trusted by expats in 190 different countries and have links with healthcare organisations throughout the world. So whether you're moving abroad for a change of career or a change of scene, with our international private health insurance you will always be in safe hands.
Cigna has worked in international health insurance for more than 30 years. Today, Cigna has over 71 million customer relationships around the world. Looking after them is an international workforce of 31,000 people, plus a network of over 1 million hospitals, physicians, clinics and health and wellness specialists worldwide, meaning you have easy access to treatment.