The Italy wind energy market is expected to grow at a CAGR of more than 4.5% during the forecast period 2020-2025. The market is expected to witness significant growth due to rising energy demand coupled with the efforts to reduce the reliance on fossil fuel-based power generation. Factors like increasing demand for renewable energy and electricity, rising investments in wind farms, and the declining cost of wind power are driving the wind energy market. However, the increasing adoption of alternate clean power sources such as solar is likely to hinder the growth of the wind energy market in the coming years.

  • Increasing deployment in the onshore wind is expected to drive the wind energy market in Italy during the forecast period.
  • In order to reach the target of 55% renewable penetration on the national electricity demand by 2030, the National Energy Strategy (SEN) set a target of 40 TWh of wind energy production. This includes the repowering and revamping of end-of-life wind farms. Therefore, Italy is expected to have a significant increase in wind power capacity, which in turn, is likely to provide an opportunity to a growth in the deployment of wind energy in coming future.



Key Market Trends

Increasing deployment in the Onshore Wind Energy is Expected to Drive the Market

  • Italy is the fifth country in terms of cumulative installations in Europe with 10758 MW of onshore wind energy installed in 2019. Wind power already supplies 6% of the domestic power demand annually. Italy’s wind industry is heavily concentrated in the south and on its islands, due to wind resource availability.
  • Wind-generated electricity accounted for 17.5 TWh in 2018, corresponding to about 5.6% of the country’s total demand. Foreign producers supplied most of the new multi-megawatt turbines in Italy.
  • The country’s demand for electrical energy is expected to be registered at high growth rates. As demand for energy is rising, Italy is turning toward the adoption of renewable energy as it has the ability to provide clean energy. The adoption of onshore wind energy along with higher wind potential and technology attracts the companies for high investment.
  • By location of deployment, the onshore wind energy is expected to drive the market during the forecast period, owing to the rising demand for clean energy in the country and advancements in wind power technology.



Increasing Deployment of Solar Energy is likely to Hinder the Growth of the Market

  • Italy is one of the leading countries for the production of solar energy. Italy has a very vast solar energy potential, mean annual 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 2018, the renewable energy generation by solar has reached 23.2 TWh with higher growth rate by the usage of the country’s abundant solar resources with newer technology.
  • The major driving factor in the Italian PV market has been solar rooftops, and the number of solar installation projects with more than 1 MW capacity increased in 2018. Italy deployed around 792 MW of solar generation capacity in 2019.
  • In 2020, Spanish utility-scale solar plants developer Powertis has unveiled plans to develop a portfolio of 500MW solar photovoltaic (PV) projects in Italy.
  • The Italian solar PV covers 7.7% of the national energy demand, with an installed capacity of 20906 MW in 2019. According to the National Energy and Climate Plan, solar capacity is forecast to increase to around 50900 MW by 2030. Hence, the solar energy installation is ought to increase during the forecast period and is likely to hinder the market.



Competitive Landscape

Italy wind energy market is moderately consolidated. Some of the major key players in this market include ERG S.p.A, Senvion SA, Enel Green Power S.p.A., Vestas Wind Systems A/S, and EDP Renovaveis S/A.

Reasons to Purchase this report:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support