The Power export in Italy reached 7,590 GWh in 2020
The indicator recorded a historical growth at a CAGR of 14% between 2017 to 2020
Why did power export in Italy grow in 2020?
Italy is a net importer of electricity since 2000. It imported more electricity than it exported in 2000. In 2020, the country imported more electricity compared to electricity exports. Italy is one of the largest importers of electricity in the world. A large part of its annual power consumption is dependent on electricity imports. Majority of the electricity imports are from Switzerland and France.
Italy is the fourth largest European economy and a member of European Union, Eurozone, Organization for Economic Co-operation and Development (OECD), G7 and G20. Italy’s economy is largely dependent on exports and its main trading partners are Germany, Switzerland, France, Spain, and the UK. It mainly exports apparels, metals and metal products, luxury vehicles and motorcycles, food, agricultural products, and transportation equipment.
Renewable Energy Market in Italy
Power sector in the country was managed by the state-owned vertically integrated utility Enel between 1962 and 1999, when liberalization was introduced after the promulgation of the Bersani Decree (decree law 79/99). Unbundling and privatization were introduced following the implementation of this law. The sectors that were completely liberalized included those for generation, imports, exports, and the supply of power.
Supply Security
Italy generates most of its electricity from thermal power. Thermal power (coal, gas, and oil) installed capacity accounted for a mid-double-digit percentage of cumulative installed capacity in 2020. Renewable sources contributed a mid-double-digit percentage, and the remaining share was contributed by hydropower. The most important aspect of the energy strategy of the country is the phase out of coal-based capacity by 2025. Alternatively, the country’s Ministry of Economic Development has set a target to achieve a mid-double-digit percentage renewable share in gross final consumption by 2030.
Opportunities
Italy has a lot of old thermal power plants that have been in operation for more than four decades. Italy is heavily dependent on electricity import which comprised of around a low-double-digit percentage share of its total consumption in 2020. Currently, the country needs to add new capacities as well as replace its old existing power plants to meet demand and reduce carbon emissions.
France
Germany
Germany
Italy
France
Japan
South Korea
Spain
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