In a landmark development, Italy's production of electricity from renewable sources has overtaken that from fossil fuels for the first time. Data from Terna, the company managing the national electricity transmission grid, reveals that from January to June 2024, renewable energy generation surpassed fossil fuels, marking a significant milestone in the country's energy transition.

The increase in renewable energy production was driven by a notable rise in hydroelectric, wind, and solar power. Hydroelectric power alone saw a remarkable 64.8% increase, reaching 25.92 TWh. Overall, renewable sources covered 43.8% of Italy's electricity demand in the first half of 2024, compared to 34.9% during the same period in 2023.

Giuseppina Di Foggia, CEO of Terna, highlighted that the growth in renewables was supported not only by favorable weather conditions but also by significant investments in renewable infrastructure. She emphasized the need for continued development in energy storage systems, which are crucial for stabilizing the grid and integrating renewable energy.

The rise in renewable energy output aligns with the EU's Fit for 55 targets, aiming for a 65% share of renewable energy in electricity consumption by 2030. Additionally, Italy is ranked sixth globally for attractiveness to investment in energy storage systems, reflecting a robust and expanding market.

The next steps include further investments in storage technologies and network upgrades, with Terna planning to invest €16.5 billion over the next five years to support these developments.

Source: lightbox.terna.it