Renewable energy sources are forecast to account for 77% of the total electricity generation capacity in Italy by 2035, compared with 55% in 2023, according to GlobalData’s power capacity and generation database. GlobalData uses proprietary data and analytics to provide a complete picture of Italy’s renewable energy market in its Italy Power Market Outlook to 2035 report. Buy the report here.
Of all renewable energy sources, the share of solar PV power generation capacity is forecasted to change from 24% in 2023 to 50% in 2035.
The share of wind power is expected to reach 10% in 2035, compared with a 18% share in 2023. Biopower is forecast to account for 2% shares of Italy’s total electricity generation capacity, in 2035, as against 3% shares in 2023. The share of geothermal is expected to change from a 0.64% share in 2023 to a 0.37% share in 2035.
In terms of capacity additions, the total renewable energy capacity is expected to see 108104.36 MW of additions in Italy during the forecast period while the non-renewable energy segment is likely to see reduction of 4358.6 MW.
CAGR growth of key renewables in Italy
Renewable generation capacity in Italy is expected to reach 159GW in 2035 at a CAGR of 8% during 2023-2035.
Solar PV power is expected to record highest growth rate of 11.97% by 2035, followed by wind with 9%. Other renewable energy sources such as geothermal and hydro are estimated to have growth rates of 0.50% and 0.22% respectively.
Hydrogen and CCS plants in pipeline in Italy
A total of seven hydrogen and 37 carbon capture and storage (CCS) plants are expected to be developed in Italy by the end of 2035.
For more detailed analysis of the renewable energy market in Italy, buy the report here.
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