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    31.07.2025

    Energy Outlook | July 2025


    Introducing Energy Outlook, the ADVANT Nctm Newsletter dedicated to the Energy and Infrastructures area!

    The first issue of Energy Law is now available — the monthly Newsletter curated by the Energy & Infrastructures Team at ADVANT Nctm, offering an in-depth analysis of the most relevant regulatory and legislative developments in the Italian energy sector.

    From the upcoming FER X auctions to the latest clarifications on the PPA market, and updates on agrivoltaics, white certificates, and Data Centers — this newsletter provides timely insights for energy market operators and stakeholders.

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    VIRTUAL SATURATION OF THE GRID: THE NEW OPEN SEASON MODEL AND ITS IMPACT ON M&A TRANSACTIONS IN THE RENEWABLES SECTOR
    Background The total capacity of applications for connection to the RTN…
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    IN THE EVENT OF FORFEITURE, THE REPAYMENT OBLIGATION LIES WITH THE PERSON WHO ACTUALLY RECEIVED THE INCENTIVES
    In judgment No. 6267 of 3 August 2026, the Second Division of the Council of…
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    Energy Law Italy Outlook | July 2026
    The new issue of Energy Law Italy Outlook is now available online. Prepared by…
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    Italy's carbon reimursement scheme faces trade-off between EU approval and market impact
    Italy’s proposed carbon costs reimbursement for gas-fired power producers may…
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    The final FER-X decree: the new quotas and the main changes compared to the transitional regime
    1. Premises  On June 18th, the Minister of the Environment and Energy…
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    “Decreto Bollette”: the role of GSE as guarantor of last call also for contracts entered into through the “Bacheca PPA”
    On 18 April 2026, Law No. 49/2026 was published in the Gazzetta Ufficiale,…
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    Important clarifications on the PAS by the Council of State
    With judgment No. 3325 of 28 April 2026, the Italian Council of State upheld the…
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    TRANSACTIONAL RISK INSURANCE IN ENERGY AND INFRASTRUCTURE M&A TRANSACTIONS
    Among the contractual risk-allocation tools typically used in M&A transactions,…
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    Investing in Data Centres: risks and opportunities following the conversion into law of the "DL Bollette"
    In order to catch up with international competitors, over the past year the…
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