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

EUR -
AED 3.846458
AFN 71.211176
ALL 97.412843
AMD 406.811894
ANG 1.887241
AOA 956.640935
ARS 1051.428592
AUD 1.608171
AWG 1.887622
AZN 1.787721
BAM 1.94682
BBD 2.114156
BDT 125.138011
BGN 1.955509
BHD 0.394704
BIF 3034.333258
BMD 1.047225
BND 1.407209
BOB 7.235625
BRL 6.090347
BSD 1.047075
BTN 88.4754
BWP 14.296058
BYN 3.427092
BYR 20525.602023
BZD 2.110863
CAD 1.463847
CDF 3005.534618
CHF 0.928583
CLF 0.03695
CLP 1019.567969
CNY 7.576459
CNH 7.597437
COP 4597.630131
CRC 532.296452
CUC 1.047225
CUP 27.751452
CVE 110.613091
CZK 25.354142
DJF 186.112546
DKK 7.458821
DOP 63.25565
DZD 139.901282
EGP 52.012714
ERN 15.708369
ETB 129.23088
FJD 2.379611
FKP 0.826592
GBP 0.831973
GEL 2.853676
GGP 0.826592
GHS 16.598349
GIP 0.826592
GMD 74.352935
GNF 9037.548191
GTQ 8.083713
GYD 219.089433
HKD 8.150638
HNL 26.363899
HRK 7.470124
HTG 137.485836
HUF 411.088281
IDR 16675.428446
ILS 3.890063
IMP 0.826592
INR 88.480582
IQD 1372.387829
IRR 44093.391567
ISK 146.108348
JEP 0.826592
JMD 166.302915
JOD 0.742584
JPY 161.458939
KES 135.614106
KGS 90.595555
KHR 4241.259434
KMF 491.829597
KPW 942.501737
KRW 1466.554465
KWD 0.322158
KYD 0.872675
KZT 519.294876
LAK 22997.052059
LBP 93778.962407
LKR 304.684618
LRD 188.762185
LSL 18.965252
LTL 3.092182
LVL 0.633456
LYD 5.115689
MAD 10.486854
MDL 19.069043
MGA 4891.586326
MKD 61.525564
MMK 3401.344628
MNT 3558.469111
MOP 8.394618
MRU 41.799981
MUR 48.593488
MVR 16.179757
MWK 1817.981712
MXN 21.385321
MYR 4.675828
MZN 66.925952
NAD 18.964918
NGN 1774.186923
NIO 38.527419
NOK 11.597222
NPR 141.561038
NZD 1.78822
OMR 0.403194
PAB 1.04717
PEN 3.974207
PGK 4.216653
PHP 61.815578
PKR 291.021899
PLN 4.344987
PYG 8218.776313
QAR 3.812683
RON 4.977038
RSD 116.989628
RUB 106.083365
RWF 1435.744917
SAR 3.931627
SBD 8.750118
SCR 14.091129
SDG 629.903184
SEK 11.589368
SGD 1.409667
SHP 0.826592
SLE 23.651533
SLL 21959.781063
SOS 598.485238
SRD 37.077012
STD 21675.434737
SVC 9.162736
SYP 2631.183058
SZL 18.975788
THB 36.383713
TJS 11.152657
TMT 3.675758
TND 3.301902
TOP 2.452702
TRY 36.169354
TTD 7.108213
TWD 34.046633
TZS 2777.615603
UAH 43.232448
UGX 3869.006119
USD 1.047225
UYU 44.622895
UZS 13488.252609
VES 48.454165
VND 26623.067216
VUV 124.328608
WST 2.923423
XAF 652.945238
XAG 0.034027
XAU 0.000392
XCD 2.830177
XDR 0.798815
XOF 651.373441
XPF 119.331742
YER 261.711912
ZAR 18.966175
ZMK 9426.275251
ZMW 28.876803
ZWL 337.205892
  • RBGPF

    -0.5000

    59.69

    -0.84%

  • BCC

    2.9500

    140.36

    +2.1%

  • SCS

    -0.0300

    13.04

    -0.23%

  • NGG

    -0.1700

    63.1

    -0.27%

  • CMSD

    0.1850

    24.445

    +0.76%

  • RIO

    0.1800

    62.57

    +0.29%

  • GSK

    0.3500

    33.7

    +1.04%

  • CMSC

    0.1200

    24.64

    +0.49%

  • BTI

    -0.1000

    36.98

    -0.27%

  • BCE

    -0.3200

    26.68

    -1.2%

  • JRI

    0.0000

    13.23

    0%

  • RELX

    0.6500

    45.76

    +1.42%

  • RYCEF

    0.1800

    6.79

    +2.65%

  • AZN

    1.0600

    64.26

    +1.65%

  • VOD

    -0.1000

    8.84

    -1.13%

  • BP

    0.4400

    29.52

    +1.49%

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)