AGP Executive Report
Last update: 10 hours agoEU Fiscal Flexibility: The European Commission backed Italy’s request to use the EU escape clause for extra defence and energy spending, saying it would not undermine medium-term fiscal sustainability. The Council still has to approve it. Renewables and Storage: Galileo won permits for 250 MW of Italian battery storage, with another 100 MW expected soon; BW ESS has also started building an 828 MWh battery project. Sonnedix added 54 MW of solar assets, while GreenGo secured approval for a 14 MW wind farm in Puglia. New Energy Demand: Green Arrow Capital and Gruppo Lazzari plan to invest €1 billion in Italian data centres powered by nearby renewables. Copenhagen Infrastructure Partners is backing a 20-project biomethane platform using agricultural residues. Prices and Security: Oil and gas prices rose amid attacks on Middle East shipping, renewing pressure on energy costs. The IEA is preparing a further release of oil and diesel reserves.
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