According to the report issued by Edison and the think tank TEHA Group on September 6, Italy may fail to reach the EU green transition goal for 2030. The development of renewable power generation and energy storage infrastructures is taking 10 years longer than expected. The report noted that because of limited land availability, lengthy official approval processes, and grid congestion, Italy’s solar power projects incur costs about 20% higher than those in France, Germany, and Spain.

It also noted that in order to secure energy safety and climate resilience, Italy could develop and deploy hydropower storage, which is potentially 13.6 gigawatt in 56 new locations. 

The report estimated that integrating hydropower storage with advanced nuclear generation and carbon capture technologies could boost Italy’s economic output by EUR 190 billion by 2050.