Hyper-amortization, completion communications are underway

The decisive phase of the projects of the new Transition 5.0 plan begins. From 12pm on Thursday 15 October, companies can send communications regarding the completion of investments through the IT platform managed by the Energy Services Manager (GSE).

This was established by a directorial decree of the Ministry of Business and Made in Italy (Mimit), as foreseen by the previous interministerial decree of 7 May jointly signed with the Ministry of Economy.

Companies that have already obtained a positive outcome of the confirmation communication (relating to the payment of a deposit equal to at least 20% paid to suppliers) will now be able to send the documentation relating to the completion of the investments, indicating the details of the invoices relating to the eligible expenses and certifying possession of the sworn technical appraisal and the required accounting certification.

The completion communication - Mimit reminds us - cannot concern investments relating to different assets, nor amounts higher than those indicated in the confirmation communication. The completion communication template, together with the operating instructions, are available on the GSE website. Meanwhile, an operational circular is awaited, announced by Minister Adolfo Urso, which should simplify some technical aspects that have been problematic by business associations in recent months.

Despite these critical issues, after an initial phase of difficulty, the new Transition 5.0 plan, based on hyper-depreciation, has started to move forward at a good pace. The latest data indicates the presentation of projects worth around 7 billion euros in four months. The platform for the presentation of preventive communications was opened on 12 June. Subsequently, on 21 July, the platform was opened for sending communications confirming the investment, indicating the date and amount of the payment relating to the last installment of the down payment to reach 20% of the acquisition cost of each asset.

The 7 billion in investments planned so far are a result perhaps even higher than expected, but influenced by the fact that the plan only became truly operational halfway through the year despite the facilitation of investments made as early as 1 January 2026 (and up to 30 September 2028). Projects had therefore accumulated and were then presented starting from 12 June. In any case, the discussion between the Ministry of Economy and the Ministry of Business and Made in Italy continues on the possible extension of the deadline for completing the investments by one year, thus reaching at least 30 September 2029. An intervention that could be included in the budget law, net of the evaluations to establish whether to increase in parallel the budget foreseen for the plan with the maneuver of a year ago and equal to 9.8 billion euros, divided in terms of public finances until 2035.