Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Advertising and Sponsorship
    • Profile & Readership
    • Contact Us
    • Latest News
    • Privacy & Cookies Policies
    • Terms of Use
    • Advertising Terms
    • Issue 81
    • Issue 80
    • Issue 79
    • Issue 78
    • Issue 77
    • Issue 76
    • Issue 75
    • Issue 74
    • Issue 73
    • Issue 72
    • Issue 71
    • Issue 70
    • View All
    • About the Awards
    • Awards Timetable
    • Awards Winners
    • Submit Nominations
    • Testimonials
    • Media Room
    • FAQ
    • Asset Management Awards
    • Brand of the Year Awards
    • Business Awards
    • Cash Management Banking Awards
    • Banking Technology Awards
    • CEO Awards
    • Customer Service Awards
    • CSR Awards
    • Deal of the Year Awards
    • Corporate Governance Awards
    • Corporate Banking Awards
    • Digital Transformation Awards
    • Fintech Awards
    • Education & Training Awards
    • ESG & Sustainability Awards
    • ESG Awards
    • Forex Banking Awards
    • Innovation Awards
    • Insurance & Takaful Awards
    • Investment Banking Awards
    • Investor Relations Awards
    • Leadership Awards
    • Islamic Banking Awards
    • Real Estate Awards
    • Project Finance Awards
    • Process & Product Awards
    • Telecommunication Awards
    • HR & Recruitment Awards
    • Trade Finance Awards
    • The Next 100 Global Awards
    • Wealth Management Awards
    • Travel Awards
    • Years of Excellence Awards
    • Publishing Principles
    • Ownership & Funding
    • Corrections Policy
    • Editorial Code of Ethics
    • Diversity & Inclusion Policy
    • Fact Checking Policy
    Original content: Global Banking and Finance Review - https://www.globalbankingandfinance.com

    A global financial intelligence and recognition platform delivering authoritative insights, data-driven analysis, and institutional benchmarking across Banking, Capital Markets, Investment, Technology, and Financial Infrastructure.

    Copyright © 2010-2026 - All Rights Reserved. | Sitemap | Tags

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    1. Home
    2. >Headlines
    3. >Italy's offshore wind push languishes, putting climate goals at risk
    Headlines

    Italy's Offshore Wind Push Languishes, Putting Climate Goals at Risk

    Published by Global Banking & Finance Review®

    Posted on December 16, 2025

    2 min read

    Last updated: January 20, 2026

    Add as preferred source on Google
    Image depicting the recent Russian military advance into eastern Ukraine near Dobropillia, highlighting the escalating tensions ahead of the Trump-Putin summit. This event is pivotal in the ongoing conflict and impacts geopolitical discussions.
    Russian military advance in eastern Ukraine ahead of Trump-Putin summit - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Tags:sustainabilityrenewable energyauctioninvestmentClimate Change

    Quick Summary

    Italy's offshore wind energy plans are delayed, risking climate goals and investments. Bureaucratic hurdles stall projects, with Italy lagging behind Europe.

    Italy's Offshore Wind Energy Faces Delays, Threatening Climate Goals

    ROME, Dec ‌16 (Reuters) - Italian plans to harness offshore wind energy are grinding to a halt, ‍putting ‌the country's climate goals at risk and hitting firms that have invested in the ⁠sector, analysts say.

    A 2024 government decree offered ‌incentives to spur 3.8 gigawatts (GW) of capacity by 2028, but the auctions for contracts have never been held amid bureaucratic and regulatory hurdles, stalling billions of euros in potential investments.

    The decree approved ⁠in August last year targeted innovative renewables like floating wind platforms suited to Italy's deep Mediterranean waters. Since ​then 26 projects have been presented for environmental approval, with ‌a total capacity of 18 GW, ⁠according to Italy's offshore energy lobby AERO.

    An environment ministry panel has already approved four of these, but none can be launched without the promised competitive auctions, and ​industry frustration is mounting.

    The head of AERO has warned that Italy is falling behind key European partners and hurting firms that have invested millions of euros to develop projects to present at auction.

    "The country cannot afford further delays," AERO chief Fulvio Mamone ​Capria wrote ‍in a letter to the ​energy and environment minister made public last week.

    Without the offshore wind sector, experts say Rome risks missing renewable energy targets approved by the government in July last year which aim for 28.1 GW of total wind capacity by 2030, up from a current 13 GW.

    Italy's right-wing Prime Minister Giorgia Meloni is often criticised by environmental bodies for a ⁠lack of commitment to climate policies. She labels the European Union's Green Deal "ideological" and warns it will create "industrial desertification."

    On paper, offshore ​wind offers considerable potential for Italy, a Mediterranean peninsula with limited land for solar or onshore turbines, yet the country lags far behind European peers.

    Britain boasts over 15 GW of offshore capacity, bolstered by mature auctions and subsidies. ‌Germany follows with about 9 GW, driven by aggressive North Sea projects. Italy, by contrast, operates just one small 30 megawatt farm.

    (Reporting by Gavin Jones, editing by Susan Fenton)

    Key Takeaways

    • •Italy's offshore wind energy plans are stalled due to bureaucratic issues.
    • •The country risks missing its 2030 renewable energy targets.
    • •26 projects await environmental approval, totaling 18 GW capacity.
    • •Industry frustration grows as auctions for contracts are delayed.
    • •Italy lags behind European peers in offshore wind capacity.

    Frequently Asked Questions about Italy's offshore wind push languishes, putting climate goals at risk

    1What is offshore wind energy?

    Offshore wind energy refers to the generation of electricity from wind turbines located in bodies of water, typically oceans or large lakes. This method harnesses the stronger and more consistent winds found offshore compared to onshore locations.

    2What is an environmental approval?

    Environmental approval is a legal requirement that ensures a project complies with environmental regulations. It assesses the potential impact of a project on the environment before it can proceed.

    More from Headlines

    Explore more articles in the Headlines category

    Image for Mullally to be installed as first female Archbishop of Canterbury
    Mullally to Be Installed as First Female Archbishop of Canterbury
    Image for Cyprus seeks new security deal for UK bases, Telegraph reports
    Cyprus Seeks New Security Deal for UK Bases, Telegraph Reports
    Image for British army veteran completes record 100km Land Rover pull
    British Army Veteran Completes Record 100km Land Rover Pull
    Image for Pope Leo laments that Iran war 'getting worse and worse'
    Pope Leo Laments That Iran War 'getting Worse and Worse'
    Image for Denmark's left-wing bloc leads election but lacks majority, exit polls show
    Denmark's Left-Wing Bloc Leads Election but Lacks Majority, Exit Polls Show
    Image for Moldovan parliament backs energy state of emergency after power line put out of action
    Moldovan Parliament Backs Energy State of Emergency After Power Line Put Out of Action
    Image for US expected to send thousands more soldiers to Middle East, sources say
    US Expected to Send Thousands More Soldiers to Middle East, Sources Say
    Image for Brazil court places Bolsonaro under house arrest on health grounds
    Brazil Court Places Bolsonaro Under House Arrest on Health Grounds
    Image for Analysis-Gulf warnings and fears of miscalculation preceded Trump’s pause in Iran showdown
    Analysis-Gulf Warnings and Fears of Miscalculation Preceded Trump’s Pause in Iran Showdown
    Image for Italian justice undersecretary quits over mafia-linked restaurant scandal
    Italian Justice Undersecretary Quits Over Mafia-Linked Restaurant Scandal
    Image for One killed, 13 injured in Ukrainian drone attack in Russia's Kursk region, governor says
    One Killed, 13 Injured in Ukrainian Drone Attack in Russia's Kursk Region, Governor Says
    Image for Two killed in Russian drone attack on western Ukrainian city, governor says
    Two Killed in Russian Drone Attack on Western Ukrainian City, Governor Says
    View All Headlines Posts
    Previous Headlines PostAuto Sector Divided as EU Unveils Plans to Undo 2035 Combustion Engine Ban
    Next Headlines PostNew Rome Metro Stations Showcase Ancient Treasures After Years of Delays