
The president of the holding company Marcegaglia calls for investments in renewables and a return to nuclear power for energy autonomy.
Emma Marcegaglia, on the sidelines of the Teha Forum in Cernobbio, indicates renewables and nuclear as the solutions to reduce long-term energy costs, calling in the meantime for immediate support for Italian energy-intensive companies.
AI-generated summary
Italy faces high energy costs that impact the competitiveness of heavy industries. The political and economic debate focuses on the energy transition and the mix of sources.
Renewables and nuclear are the tools to lower the cost of energy in the medium to long term. Emma Marcegaglia, president and CEO of the holding of the same name, is convinced of this and, on the sidelines of the Teha Forum in Cernobbio, calls for "further increasing renewable investments".
The latter allow us to "lower the cost of energy and make us more independent from the countries that supply us with gas". "The second aspect - he continues - is to return to nuclear power, because we need diversification" of sources.
"In the meantime however - he observes - given that we will have nuclear power in a few years and we will have the results on renewables later, it is necessary to support workers, let's say consumers and businesses who cannot continue to pay a cost that is the highest in Europe".
"We therefore need temporary support - he concludes - for those who have an enormous impact on the cost of energy, such as the steel, chemical and paper sectors, and, also from the point of view of the workers, let's think about fuel".

Despite gas storage levels lower than previous years, the EU and European Commission believe there are no immediate risks to security of supply thanks to greater diversification of supplies, increased LNG import capacity and reduced demand. Better situation than in 2021-2022.

The seven OPEC+ countries (Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman) have decided not to change production levels for September and October 2026, interrupting six months of increases linked to the Strait of Hormuz crisis.

In the first six months of 2026, 8.8 GW of new wind capacity was installed in Europe, 30% more than in the same period in 2025, prompting WindEurope to forecast 24 GW for the full year. Growth is driven by onshore wind (74% of new installations), with Germany in the lead (3.4 GW). Despite positive signals from auctions and financing, turbine orders are down 12% and approvals are declining in several countries, creating uncertainty over whether the pace will be maintained.

In the six months since the start of the war in Iran, solar has saved Europe more than 30 billion euros in gas imports, according to SolarPower Europe, which has revised its previous estimate of 20 billion upwards. The increase is due to greater solar production, higher fossil prices and heat waves that have reduced the efficiency of thermoelectric, hydroelectric and nuclear power, increasing demand for air conditioning.

At the end of 2025, global PV capacity under O&M management reached 348 GW, an increase of 61 GW in one year. The 15 largest operators control 57% of the market, led by NovaSource Power Services. Engie and Sterling & Wilson show the most significant growth, with +172% in the Americas and +53% in Asia-Pacific respectively.

Gas prices in Europe recorded a rise for the third consecutive day, driven by the resumption of fighting between the United States and Iran and fears over flows through the Strait of Hormuz. Ttf contracts rise to 73.4 euros.