November 24, 2023, marks a historic day for Italy with the approval of the modified PNRR (National Recovery and Resilience Plan), integrated with the REPowerEU plan by the European Commission. With a massive budget of 194.4 billion euros, the PNRR stands as a pillar for Italy's future, aiming for complete independence from Russian fossil energy by 2030 and technological renewal.

Details of the Modified PNRR Financing

• Total Allocation: 194.4 billion euros.
• Reforms and Investments: From 59 to 66 reforms; from 6 to 7 missions; 150 total investments.

Budget for Transition 5.0: 6.3 billion euros, almost half of the new resources of the PNRR and REPowerEU

The "Transition 5.0", a crucial element of the modified PNRR, represents a strategic investment of 6.3 billion euros, symbolizing Italy's commitment to a sustainable and innovative future. This measure is divided into three main modules, each designed to address specific aspects of the ecological transition:

• Energy Efficiency (3.78 billion euros): This module focuses on energy efficiency, encouraging companies to invest in advanced technologies to reduce energy consumption and increase sustainability.
• Self-consumption and Self-production (1.89 billion euros)With this funding, SMEs are encouraged to adopt systems for self-producing energy from renewable sources, promoting energy self-sufficiency and reducing dependence on non-renewable sources.
• Training (630 million euros): Investment in training is crucial to develop specific skills in the field of the green transition, preparing the workforce for the new challenges of the energy sector.

Impact and Opportunities: Transition 5.0 not only contributes to reducing Italy's environmental impact but also offers new economic growth opportunities for businesses, positioning them at the center of a green and digital revolution.

Italian companies can take advantage of significant tax benefits in the form of tax credits to cover expenses incurred between 2024 and 2025. These incentives are linked to parameters such as the reduction of energy consumption and energy savings, with the aim of encouraging investments in sustainable technologies.

In addition to the energy transition, the modified PNRR brings an increase in resources for digitalization, now at 25.6% of the total. This increase includes investments for the digitalization of public administration, support for innovative start-ups, and the development of digital skills.

• Primary Sector: The “Agrisolar Park” investment foresees 850 million euros to support the installation of photovoltaic panels.
• Tourism Sector: The BEI thematic fund provides 308 million euros to relaunch the tourism sector.