Berliner Boersenzeitung - The Med gets first offshore wind farm as Italy vows energy revolution

EUR -
AED 4.306397
AFN 82.673063
ALL 98.499197
AMD 449.654837
ANG 2.098522
AOA 1075.279399
ARS 1393.65379
AUD 1.787168
AWG 2.113622
AZN 1.991467
BAM 1.954776
BBD 2.364192
BDT 143.194979
BGN 1.956376
BHD 0.44231
BIF 3487.487757
BMD 1.172606
BND 1.492325
BOB 8.090451
BRL 6.446749
BSD 1.170936
BTN 100.295316
BWP 15.550185
BYN 3.831841
BYR 22983.071042
BZD 2.351998
CAD 1.597388
CDF 3373.58618
CHF 0.937035
CLF 0.028477
CLP 1092.798213
CNY 8.405061
CNH 8.396343
COP 4745.675841
CRC 591.29274
CUC 1.172606
CUP 31.07405
CVE 111.338311
CZK 24.752418
DJF 208.395483
DKK 7.461032
DOP 69.711597
DZD 151.722609
EGP 58.505049
ERN 17.589085
ETB 158.648363
FJD 2.623352
FKP 0.860748
GBP 0.852214
GEL 3.189003
GGP 0.860748
GHS 12.079616
GIP 0.860748
GMD 83.846242
GNF 10148.901842
GTQ 9.00509
GYD 244.962707
HKD 9.204825
HNL 30.675603
HRK 7.534815
HTG 153.446152
HUF 399.460136
IDR 18973.111448
ILS 3.969077
IMP 0.860748
INR 100.378206
IQD 1533.82912
IRR 49396.014233
ISK 142.014036
JEP 0.860748
JMD 187.585722
JOD 0.831418
JPY 169.050452
KES 151.851226
KGS 102.357685
KHR 4693.741065
KMF 494.251966
KPW 1055.377759
KRW 1587.465021
KWD 0.358231
KYD 0.975785
KZT 607.239275
LAK 25281.378106
LBP 105065.467462
LKR 351.17452
LRD 234.170578
LSL 20.69955
LTL 3.462399
LVL 0.709298
LYD 6.361341
MAD 10.638172
MDL 19.817209
MGA 5200.505872
MKD 61.540255
MMK 2461.402139
MNT 4202.879155
MOP 9.466858
MRU 46.447864
MUR 52.943203
MVR 18.064021
MWK 2030.362254
MXN 22.139722
MYR 4.95892
MZN 75.000181
NAD 20.698668
NGN 1809.717783
NIO 43.093128
NOK 11.796577
NPR 160.479345
NZD 1.931042
OMR 0.450862
PAB 1.170842
PEN 4.1897
PGK 4.828205
PHP 66.401726
PKR 332.638952
PLN 4.24152
PYG 9348.500889
QAR 4.268988
RON 5.07351
RSD 117.18551
RUB 92.335571
RWF 1685.034341
SAR 4.398059
SBD 9.788198
SCR 16.707574
SDG 704.160545
SEK 11.11785
SGD 1.493096
SHP 0.921484
SLE 26.389498
SLL 24588.958798
SOS 669.163688
SRD 44.097029
STD 24270.569792
SVC 10.245589
SYP 15245.925907
SZL 20.682605
THB 38.095645
TJS 11.579686
TMT 4.10412
TND 3.364851
TOP 2.746362
TRY 46.62833
TTD 7.955798
TWD 34.247083
TZS 3101.05768
UAH 48.703907
UGX 4206.813965
USD 1.172606
UYU 47.084328
UZS 14716.201152
VES 123.499895
VND 30628.45998
VUV 141.118417
WST 3.225827
XAF 655.641462
XAG 0.031994
XAU 0.000352
XCD 3.169025
XDR 0.81539
XOF 655.641462
XPF 119.331742
YER 284.532957
ZAR 20.901438
ZMK 10554.866956
ZMW 27.603891
ZWL 377.578546
  • CMSC

    0.0900

    22.314

    +0.4%

  • CMSD

    0.0250

    22.285

    +0.11%

  • RBGPF

    0.0000

    69.04

    0%

  • SCS

    0.0400

    10.74

    +0.37%

  • RELX

    0.0300

    53

    +0.06%

  • RIO

    -0.1400

    59.33

    -0.24%

  • GSK

    0.1300

    41.45

    +0.31%

  • NGG

    0.2700

    71.48

    +0.38%

  • BP

    0.1750

    30.4

    +0.58%

  • BTI

    0.7150

    48.215

    +1.48%

  • BCC

    0.7900

    91.02

    +0.87%

  • JRI

    0.0200

    13.13

    +0.15%

  • VOD

    0.0100

    9.85

    +0.1%

  • BCE

    -0.0600

    22.445

    -0.27%

  • RYCEF

    0.1000

    12

    +0.83%

  • AZN

    -0.1200

    73.71

    -0.16%

The Med gets first offshore wind farm as Italy vows energy revolution
The Med gets first offshore wind farm as Italy vows energy revolution

The Med gets first offshore wind farm as Italy vows energy revolution

The Mediterranean's first offshore wind farm is rising from the shallows off Italy, its turbines a symbol of hope for a Europe suffering an energy crisis exacerbated by war.

Text size:

The park will stretch out from the port in Taranto, a city in the south blighted by a noxious steel plant and unemployment, but which now finds itself centre stage in the country's race to scale up green power.

"This is a big chance to change hearts and minds on renewables," said Fabio Matacchiera, an activist in Taranto, where child tumours are well above the average but poor locals cling to jobs in dirty energy.

The Kremlin's invasion of Ukraine in February prompted an outraged European Union to pledge to sharply reduce its dependency on Russian gas, and expand clean energy faster to compensate.

Italy is one of Europe's biggest guzzlers of gas, which currently represents 42 percent of its energy consumption. It imports 95 percent of the gas it uses, 45 percent of which comes from Russia.

An "accelerated investment in renewables... remains the only key strategy in the long term," Prime Minister Mario Draghi told parliament last week, with Rome planning to stop using Russian gas by 2025.

As the Ukraine conflict rages, Italy's cabinet has approved six new wind farms to be built on land, from Sardinia to Basilicata, and has committed to unlocking "several tens of gigawatts of offshore wind power".

- Deep waters -

Offshore is more complicated: average water depths in the Mediterranean are much deeper than in areas such as the North Sea, making bottom-fixed installations difficult and costly.

The Mediterranean is also one of the world's busiest waterways, as well as the sea in Europe most prone to severe climate change.

But the invention of floating turbines has increased its potential.

France recently held the world's first auction for a commercial-sized floating offshore wind farm, and other Mediterranean countries such as Greece and Spain are also planning auctions for large-scale projects, according to the WindEurope association.

Once complete, the Beleolico farm off Taranto's sandy beach in Puglia, down in the heel of Italy's boot-shaped peninsula, will have 10 bottom-fixed, red and white-bladed turbines.

Together they will be capable of powering 21,000 homes.

Renexia, the company behind it, says it also has plans for a vast floating wind farm with 190 turbines off the island of Sicily, which would produce energy for 3.4 million families and create hundreds of jobs.

- Sunken treasures, beach views -

The project has met some opposition from locals convinced it would ruin the view in tourist hotspots -- though Renexia's general manager Riccardo Toto told AFP it would be "practically invisible" from the coast.

Treasure hunters have been known to uncover sunken ancient artefacts off Sicily, but there are none on the site in question, he said.

The turbines can also boost, rather than damage, biodiversity by acting as artificial reefs.

Italy's Ecological Transition Ministry has received 64 expressions of interest for floating offshore wind farms -- but the number of projects held up by bureaucracy is "staggering", WindEurope said.

Beleolico, which Renexia hopes will be operational by May, has been 14 years in the making.

Greenpeace Italy head Giuseppe Onufrio slammed the delays as "absurd".

"Some (farms) are authorised after six, seven years, and the technology changes year by year and so the risk is that plants are authorised despite being outdated."

- Cut red tape -

Draghi insists the government "is working to streamline procedures, cut red tape and speed up investments".

But Davide Tabarelli, economics professor and head of energy think tank Nomisma Energia, told AFP he was "amazed and stupefied" to see Draghi describe renewables as the "only key strategy".

Beleolico, a symbol of Italy's offshore potential, "is constantly being thrown around as the immediate solution to the energy crisis, and the fact that we can do without gas, especially Russian gas".

But there are several "serious problems", he said, not least the difficulties storing wind energy, for suitable batteries do not exist, leading to waste.

Rome's vow that it is readying to turn off the gas to punish the Kremlin is remarkable, he added, "as if, after 30 years of promises on renewables, the problem could be solved in the space of a few weeks".

(A.Lehmann--BBZ)