AGP Executive Report
Last update: 6 hours agoRenewables Policy: Italy’s new FER X support regime is now in force, setting a long-term framework for solar PV, onshore wind, hydropower and sewage-gas projects, with about 37.15 GW of support capacity via direct access and competitive auctions under Ministerial Decree No. 194 (effective 7 August). Energy Costs & Transport: The Meloni government extended a diesel excise duty cut until 5 September, keeping relief at roughly 17 euro cents per liter and costing an estimated €130m, as fuel prices keep squeezing households, trucking and farmers. Markets Watch: European stocks closed mostly higher on a better German export outlook and softer oil prices, while investors stayed cautious ahead of Nvidia’s results; Brent fell to around $86/bbl amid efforts to ease Iran-US tensions around the Strait of Hormuz. Ukraine Support: Italy is preparing another aid package for Ukraine, with Defense Minister Guido Crosetto saying it will be finalized soon and Tajani stressing Rome’s continued political, financial and energy assistance ahead of winter. Grid & Storage Signals: Battery storage momentum continues in Europe, with reports of new BESS expansion and Italy’s own system additions slowing in July, underscoring how quickly the market is moving.
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