This is very related to the post Izabella Kaminska dropped at The Blind Spot yesterday.
From Montel (European energy news), March 1:
Renewable energy companies in Italy, including Enel and ERG, are among other European firms contemplating and even implementing investment cuts amid soaring production costs, potentially stalling wind and solar farm initiatives.
“It’s a critical moment for the sector,” ERG vice-president Alessandro Garrone said during the KEY energy event in Rimini, on Italy's Adriatic coast. While ERG was still financially strong and able to continue investing, if the “situation of uncertainty continued it could create problems for the company”, he added.
Italian utility Enel has reportedly discussed plans with unions to slash renewables investments to EUR 2.9bn from an earlier planned EUR 5.5bn in the 2024-2026 period, according to a trade union statement. The company was not immediately available to comment or confirm the report....
....MUCH MORE
