Italy Wind Energy Market Size
| Study Period | 2020-2029 |
| Base Year For Estimation | 2023 |
| Market Volume (2024) | 14.08 gigawatt |
| Market Volume (2029) | 18.49 gigawatt |
| CAGR (2024 - 2029) | 5.61 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Italy Wind Energy Market Analysis
The Italy Wind Energy Market size is estimated at 14.08 gigawatt in 2024, and is expected to reach 18.49 gigawatt by 2029, growing at a CAGR of 5.61% during the forecast period (2024-2029).
- Over the medium term, factors such as upcoming & ongoing renewable energy auctions coupled with increasing investments and financial support from the government and international financial institutions are expected to drive the wind energy market in Italy during the forecast period.
- On the other hand, the increasing adoption of alternate clean power sources, such as solar, hydro, etc., is likely to hinder the growth of the wind energy market during the forecast period.
- Nevertheless, according to the national energy and climate plan (NECP), in order to achieve greenhouse gas emissions reduction, Italy has set a target to contribute 30% to the 2030 European Union's (EU) renewable energy target, which is likely to provide an opportunity for growth in the deployment of wind energy.
Italy Wind Energy Market Trends
Increasing Deployment in the Onshore Wind Energy is Expected to Drive the Market
- Italy’s demand for electrical energy is expected to witness significant growth. As demand for energy rises, Italy is focusing on adopting the renewable energy sector as it can provide clean energy sources. The adoption of onshore wind energy, along with higher wind potential and technology, attracts companies for high investments and, thus, boosts the wind portfolio of the country.
- Italy is the fifth country in terms of cumulative installations in Europe, with 11,780 MW of wind energy installed in 2022. Wind power accounts for around 20.7 % of Italy's renewable energy mix in 2022.
- Italy’s wind industry is heavily concentrated in the south and on its islands due to the availability of wind resources. The country's wind portfolio comprises many onshore wind farm projects which are under construction.
- For instance, in July 2023, RWE decided to invest EUR 180 million to build two new onshore wind farms. The farms will be built in the Apulia region with a planned capacity of 108 megawatts (MW) in total.
- Hence, onshore wind energy is expected to drive the market during the forecast period by location of deployment, owing to the rising demand for clean energy in the country and upcoming onshore wind projects.
Increasing Adoption of Alternate Clean Energy Sources Likely to Hinder the Market Growth
- Italy is one of the leading countries in the European region for the generation of solar energy. Italy has vast solar energy potential. Total solar radiation ranges from 3.6 kWh per square meter per day in the Po River plain area to 4.7 kWh per square meter per day in Central-Southern Italy to 5.4 kWh per square meter per day in Sicily.
- At the end of 2022, the country's solar energy generation capacity reached 25.1 GW with a higher growth rate by using the country’s abundant solar resources with newer technology.
- The advancements in solar cell technology have resulted in huge price reductions of solar modules, and the economic viability of solar energy has improved remarkably. Italy is expected to witness growth in the solar energy market in the coming years, driven by the government's technological advancements and policy-level support.
- The major driving factor for the Italian PV market is the solar rooftops and solar installation projects coming in the future. For instance, in April 2022, Enel Green Power (EGP) signed an agreement with the European Commission to build a solar panel gigafactory in Italy. The facility will be built at EGP’s 3Sun solar panel factory in Catania, Sicily, with a target to increase the solar module manufacturing capacity from 200MW to 3GW.
- Italy deployed around 2,483 MW of solar generation capacity in 2022. Furthermore, according to the National Energy and Climate Plan, solar capacity is forecast to increase to around 51,200 MW by 2030. On the other hand, several upgradation projects are underway in the country as most hydropower plants are aging.
- Hence, alternate clean energy sources, such as solar, hydro, etc., will likely hinder the market growth during the forecast period.
Italy Wind Energy Industry Overview
The Italian wind energy market is semi-consolidated. Some of the major key players in this market (in no particular order) include ERG SpA, Siemens Gamesa Renewable Energy SA, Enel SpA, Vestas Wind Systems AS, and EDP Renováveis.
Italy Wind Energy Market Leaders
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ERG S.p.A
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Vestas Wind Systems A/S
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Siemens Gamesa Renewable Energy, S.A.
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Enel S.p.A.
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EDP Renováveis
*Disclaimer: Major Players sorted in no particular order
Italy Wind Energy Market News
- Jun 2023: Vestas won an order from Ox2 to supply a 27 MW order for the Eolia wind park in Apulia, Italy. The contract includes the supply and installation of six V150-4.5 MW wind turbines and a 35-year Active Output Management 5000 (AOM 5000) service agreement.
- Jun 2023: EDP Renewables (EDPR) was awarded a 20-year feed-in tariff (FiT) of EUR 65.17 for every MWh for 159 MW of renewable capacity. The feed-in-tariff (FiT) has four projects, of which 70% are wind projects and 30% are solar projects. These projects are located in the Puglia Region of Italy.
Italy Wind Energy Market Report - Table of Contents
1. INTRODUCTION
1.1 Scope of the Study
1.2 Market Definition
1.3 Study Assumptions
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET OVERVIEW
4.1 Introduction
4.2 Installed Capacity and Forecast, till 2028
4.3 Recent Trends and Developments
4.4 Government Policies and Regulations
4.5 Market Dynamics
4.5.1 Drivers
4.5.1.1 A Series of Renewable Energy Auctions
4.5.1.2 Increasing Deployment of the Onshore Wind
4.5.2 Restraints
4.5.2.1 The Increasing Adoption of Alternate Clean Power Sources, Such as Solar and Hydro
4.6 Supply Chain Analysis
4.7 PESTLE Analysis
4.8 Key Projects Information
5. COMPETITIVE LANDSCAPE
5.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
5.2 Strategies Adopted by Leading Players
5.3 Company Profiles
5.3.1 Developer/ Operator/ Owner
5.3.1.1 Enel SpA
5.3.1.2 PLT Energia Srl
5.3.1.3 Renvico Holding
5.3.1.4 EDP Renováveis
5.3.1.5 Italian Vento Power Corporation Srl
5.3.1.6 ERG SpA
5.3.1.7 Edison SpA
5.3.1.8 Alerion Clean Power SpA
5.3.2 Equipment/ Component Supplier
5.3.2.1 General Electric Company
5.3.2.2 Siemens Gamesa Renewable Energy SA
5.3.2.3 Vestas Wind Systems AS
- *List Not Exhaustive
6. MARKET OPPORTUNITIES AND FUTURE TRENDS
6.1 The Country's Target of Contributing 30% to the European Union (EU) Renewable Energy by 2030
Italy Wind Energy Industry Segmentation
Wind energy is the process where the wind generates mechanical power or electricity. Wind turbines then convert the kinetic energy in the wind into mechanical power.
The Italy wind energy market report provides insight into the market size, growth, trends, analysis, government policies and regulations, competitive landscape, market dynamics, and opportunities. The market sizing and forecasts have been done for each segment based on installed capacity.
Italy Wind Energy Market Research FAQs
How big is the Italy Wind Energy Market?
The Italy Wind Energy Market size is expected to reach 14.08 gigawatt in 2024 and grow at a CAGR of 5.61% to reach 18.49 gigawatt by 2029.
What is the current Italy Wind Energy Market size?
In 2024, the Italy Wind Energy Market size is expected to reach 14.08 gigawatt.
Who are the key players in Italy Wind Energy Market?
ERG S.p.A, Vestas Wind Systems A/S, Siemens Gamesa Renewable Energy, S.A., Enel S.p.A. and EDP Renováveis are the major companies operating in the Italy Wind Energy Market.
What years does this Italy Wind Energy Market cover, and what was the market size in 2023?
In 2023, the Italy Wind Energy Market size was estimated at 13.29 gigawatt. The report covers the Italy Wind Energy Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Italy Wind Energy Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Italy Wind Energy Industry Report
The Italian Wind Energy Market Report provides an insightful analysis into the wind power installed capacity, recent trends, and key project information. The industry outlook indicates a positive trajectory for the market growth, driven by various factors including technological advancements and supportive government policies. The market forecast suggests steady growth, with industry reports highlighting the increasing market value and market segmentation.
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In conclusion, the Italian Wind Energy Market Report is an essential tool for understanding the current state and future prospects of the wind energy market in Italy. The report pdf offers detailed insights into market data, industry sales, and market value, making it an indispensable resource for anyone interested in the sector.
