Tag Archives: Italy

EIB Board Greenlights €4.3 Billion Investment Across Europe for Sustainable Development

(IN BRIEF) The European Investment Bank (EIB) Board of Directors approved €4.3 billion in financing for projects spanning Austria, Czech Republic, France, Germany, Hungary, Italy, Lithuania, and Slovakia. The funding will support sustainable transport, renewable energy, water and waste treatment, … Read the full press release

Vinci Invests €50 Million in NatPower SA, Expands Renewable Energy Portfolio

(IN BRIEF) VINCI, a leading infrastructure and construction company, has completed a €50 million investment in NatPower SA, a renewable energy platform operating in Italy, Great Britain, and the United States. This investment involves acquiring 10% of NatPower SA’s share … Read the full press release

EIF Commits €40 Million to Boost Sustainable Agriculture in Europe

(IN BRIEF) The European Investment Fund (EIF) is allocating €40 million to support the European Agri Transition Fund, aimed at fostering a fairer, healthier, and more sustainable food system in Europe. Managed by INOKS Capital, the fund targets SMEs and … Read the full press release

DHL Global Forwarding Partners with Prada Group to Reduce Emissions Through Sustainable Aviation Fuel

(IN BRIEF) DHL Global Forwarding announces its collaboration with the Prada Group, marking the fashion giant’s first investment in Sustainable Aviation Fuel (SAF) credits through DHL’s GoGreen Plus service. This strategic partnership allows Prada Group to significantly reduce its transport … Read the full press release

STMicroelectronics Secures Renewable Energy Contract for Italian Operations

(IN BRIEF) STMicroelectronics, a global semiconductor leader, has inked a ten-year Power Purchase Agreement (PPA) with Centrica Energy for the supply of renewable energy to its Italian operations, starting from January 2025. The agreement, based on approximately 61 GWh of … Read the full press release

Italian Energy Giants Forge Alliance for Maritime Decarbonization

(IN BRIEF) Eni, Fincantieri, and RINA, prominent Italian entities in energy, shipbuilding, and engineering consultancy respectively, have solidified an agreement to spearhead initiatives targeting the decarbonization of the maritime sector. Their collaborative efforts aim to develop sustainable alternatives, explore new … Read the full press release

Eurojust-Coordinated Operation Leads to Arrest of 22 Members of Human Trafficking Ring in Italy and Bulgaria

(IN BRIEF) Italian and Bulgarian authorities, with the support of Eurojust, have apprehended 22 individuals associated with an organized crime group (OCG) involved in human trafficking. The OCG exploited numerous female victims, coercing them into prostitution through deceptive promises of … Read the full press release

EIB and Banca Ifis Partner to Bolster Innovation in Italy’s SMEs with €300 Million Financing

(IN BRIEF) The European Investment Bank (EIB) and Banca Ifis have inked a significant agreement, marking the EIB’s maiden loan operation with an Italian bank exclusively aimed at driving innovative transitions for small and medium-sized enterprises (SMEs). The deal, valued … Read the full press release

Enel Grids’ Renewable Connections Soar, Adding 7.9 GW in 2023

(IN BRIEF) Enel Grids, Enel Group’s electricity distribution arm, achieved a record-breaking milestone in 2023 by connecting nearly 540,000 new producer-prosumer connections globally, adding 7.9 GW of renewable capacity to its grids. Italy leads with 1.5 million connections, while Spain … Read the full press release

Allianz Completes Acquisition of Tua Assicurazioni from Assicurazioni Generali

(IN BRIEF) Allianz S.p.A. has finalized the acquisition of Tua Assicurazioni S.p.A. from Assicurazioni Generali S.p.A. for 280 million euros, as previously announced on October 12, 2023. With regulatory approvals secured, Allianz anticipates a 1-percentage-point increase in its P/C market … Read the full press release

Stadler and SBB Expand Rail Connectivity with Five New Giruno High-Speed Trains

(IN BRIEF) Swiss rail operator SBB has placed an order for five additional Giruno high-speed trains from Stadler, aiming to bolster its international services to Italy and enhance accessibility and comfort for passengers. Manufactured at Stadler’s production plant in Bussnang, … Read the full press release

Chemetall Elevates Aluminum Solutions with Launch of Global Competence Center in Giussano, Italy

(IN BRIEF) Chemetall, a leading global supplier of surface treatment solutions, inaugurates its cutting-edge Global Aluminum Competence Center in Giussano, Italy, signaling a significant stride in the aluminum application arena. The center consolidates Chemetall’s extensive expertise in aluminum surface treatment, … Read the full press release

EQT Infrastructure Terminates Planned Acquisition of Italy’s Largest Mobile Network from Wind Tre

(IN BRIEF) EQT Infrastructure VI fund has confirmed the termination of its agreement to acquire a majority stake in Italy’s largest mobile network from Wind Tre, as announced on May 12, 2023. The decision to terminate the transaction was made … Read the full press release

EIB and Terna Seal €500 Million Deal for Tyrrhenian Link Renewable Energy Project

(IN BRIEF) During the EIB Forum in Luxembourg, the European Investment Bank (EIB) and Terna signed a €500 million financing contract, marking the final tranche of the €1.9 billion financing for the Tyrrhenian Link project. This submarine electricity cable, spanning … Read the full press release

EOS Investment Management Group Acquires Six Solar Greenfield Projects in Italy from Lightsource bp

(IN BRIEF) EOS Investment Management Group (EOS IM) and Lightsource bp have finalized the sale of six solar greenfield projects in Italy to EOS IM, adding a 294MW portfolio to their existing solar power assets in Italy. These projects, either … Read the full press release

Logicor Expands Its Presence in Italy with Sustainable Warehouse Development in Rolo

(IN BRIEF) Logicor, a prominent player in European logistics real estate, has commenced the construction of a new environmentally conscious warehouse spanning approximately 13,600 sqm at its logistics park in Rolo (RE), Italy. The project, set to be finished by … Read the full press release

Eni Confirms Construction of Italy’s Third Bio-Refinery in Livorno

(IN BRIEF) Eni has officially confirmed its plan to build Italy’s third bio-refinery in Livorno, as part of its decarbonization strategy aiming for carbon neutrality by 2050. The project includes the construction of three new facilities for the production of … Read the full press release

Europe’s Largest Solar Panel Gigafactory, 3Sun, Secures €560 Million to Boost Clean Energy Production

(IN BRIEF) 3Sun, a photovoltaic cell and module production gigafactory owned by Enel Green Power, has successfully obtained a substantial financial package of 560 million euros to expand its production capacity, making it the largest solar factory in Europe with … Read the full press release

Ahlstrom Invests in Molecular Filtration Media Production Line to Enhance Air Quality Solutions

(IN BRIEF) Ahlstrom is reinforcing its position as a leader in the global filtration industry by investing in a new production line for molecular filtration media in Turin, Italy. With a focus on improving air quality in closed environments like … Read the full press release

UniCredit Achieves Top Employer Certifications Across Europe for Eighth Consecutive Year

(IN BRIEF) UniCredit has received certification from the Top Employers Institute for the eighth consecutive year, highlighting its commitment to employee well-being and excellence in HR policies. The European-level Top Employer Certification was awarded based on local certifications in Bulgaria, … Read the full press release

Groupe BPCE and EIB Join Forces to Provide €300 Million for Green Transition of SMEs and Mid-Caps

(IN BRIEF) Groupe BPCE and the European Investment Bank (EIB) have collaborated to offer a €300 million package aimed at facilitating the green transition of small and medium-sized enterprises (SMEs) and mid-cap companies. This partnership enables Groupe BPCE to provide … Read the full press release

Terna to Invest €3.2 Billion in Sicily’s Energy Infrastructure Development

(IN BRIEF) Terna, Italy’s national electricity grid operator, and the Sicily Region have entered into a five-year partnership to enhance the planning and placement of new electricity infrastructure in Sicily. The collaboration aims to expedite projects outlined in Terna’s Development … Read the full press release

AFRY Facilitates ENGIE’s Sicilian and Sardinian Wind Farms, Advancing Italy’s Green Transition

(IN BRIEF) AFRY, an international engineering and consulting company, has assisted ENGIE in the construction of two wind farms, Rampingallo and Porto Torres, located in Sicily and Sardinia, Italy. These wind farms, with a combined power output of 60 MW, … Read the full press release

Crisis-Resilient Partnership: EBRD Grants €150 Million Loan to Ukrenergo for Ukraine’s Energy Security Amid Ongoing Conflict

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is providing a €150 million sovereign-backed loan to Ukraine’s electricity transmission company, Ukrenergo, as part of a comprehensive effort to support Ukraine’s energy security amidst the ongoing conflict with Russia. … Read the full press release

Crédit Agricole Assurances Expands Partnership with Banco BPM to Become 3rd Largest Non-Life Bancassurer in Italy

(IN BRIEF) Crédit Agricole Assurances has finalized a long-term partnership with Banco BPM to expand the distribution of its non-life, personal protection, and creditor insurance products through Banco BPM’s networks, including online and mobile banking channels. This move aligns with … Read the full press release

European Investment Fund and CDP Real Asset SGR Partner to Allocate €300 Million for Social Housing in Italy

(IN BRIEF) The European Investment Fund (EIF), a part of the EIB Group, has joined forces with CDP Real Asset SGR, a subsidiary of Cassa Depositi e Prestiti, to allocate €300 million towards social housing programs in Italy. This groundbreaking … Read the full press release

€500 Million Investment to Boost Sustainable Rail Travel in Italy

(IN BRIEF) In a significant move towards promoting sustainable mobility, the European Investment Bank (EIB) has committed €500 million to Ferrovie dello Stato Italiane S.p.A. (FS) to enhance rail services in Italy’s Campania and Lazio regions. This partnership aims to … Read the full press release

ANDRITZ Collaborates with Sfilacciatura Negro for New Textile Recycling Line in Italy

(IN BRIEF) ANDRITZ has successfully initiated operations for a new textile recycling line at Sfilacciatura Negro’s facility in Biella, Italy. This state-of-the-art tearing line is designed to process post-consumer textile waste while automatically removing hard parts. Sfilacciatura Negro, with a … Read the full press release

Ministry of Defence and Eni Forge Stronger Alliance to Safeguard Italy’s Security and Foster Innovation

(IN BRIEF) The Ministry of Defence and Eni, an Italian energy company, have signed a Memorandum of Understanding (MoU) in Rome to enhance their strategic collaboration on security and risk assessment. The agreement involves sharing expertise and information to bolster … Read the full press release

Eni and Open Energy Platform AG Secure Gas Flow Agreement to Bolster Energy Security in Italy and Switzerland

(IN BRIEF) Eni, an Italian multinational energy company, has entered into an agreement with Swiss firm Open Energy Platform AG (Open EP) to ensure the uninterrupted supply of gas to Switzerland and Italy, particularly in situations involving interruptions or significant … Read the full press release

EIB Provides €450 Million Loan to Iveco Group for Electric Mobility and Innovation

(IN BRIEF) The European Investment Bank (EIB) has approved a €450 million loan to Iveco Group, a global automotive leader, as part of a larger €500 million financing initiative. This funding aims to support the development of innovative technologies in … Read the full press release

Safran’s Collins Aerospace Deal Challenged by Italian Regulatory Decision

(IN BRIEF) Safran’s planned acquisition of Collins Aerospace’s actuation and flight control business faces a regulatory challenge as the Italian government exercises its Golden Power to oppose the sale of Microtecnica S.r.l, the company holding the relevant assets in Italy, … Read the full press release

EIB Provides €20 Million Loan to Xnext for Food Safety and Sustainability Innovation

(IN BRIEF) The European Investment Bank (EIB) has extended a €20 million venture debt loan to Xnext, an Italian start-up specializing in X-ray inspection systems. The loan aims to bolster food safety, support innovation, and promote environmental sustainability. Xnext’s patented … Read the full press release

Logicor Launches Sustainable Logistics Property Development in Rome, Italy

(IN BRIEF) Logicor, a leading European logistics real estate company, has commenced construction on a new 24,000-square-meter property in Rome, Italy, set for completion in late 2024. Situated on a 97,000-square-meter industrial site owned by the Mazer Fund, this project, … Read the full press release

EIB and Intesa Sanpaolo Collaborate on €100m Loan to Promote Green Transition in Italian Public Sector

(IN BRIEF) The European Investment Bank (EIB) and Intesa Sanpaolo have entered into an agreement for a €100 million loan to facilitate the green transition of the public sector and publicly owned companies in Italy. This initiative marks the first … Read the full press release

EIB Grants €100 Million Loan to Intesa Sanpaolo to Boost Green Transition in Italy’s Public Sector

(IN BRIEF) The European Investment Bank (EIB) has signed an agreement with Intesa Sanpaolo to provide a €100 million loan aimed at supporting the green transition of the public sector and publicly owned companies in Italy. This partnership marks the … Read the full press release

Lightsource bp Strengthens Presence in Italy with New Milan Office

(IN BRIEF) Lightsource bp, a prominent renewable energy company, has inaugurated its new office in Milan, Italy, signaling its commitment to the Italian market and the substantial potential for solar and energy storage projects in the country. With a pipeline … Read the full press release

Borealis Successfully Completes Acquisition of Rialti to Strengthen Recyclate-Based Polypropylene Compounding Business

(IN BRIEF) Borealis, a leading provider of innovative solutions in the plastics industry, has announced the successful completion of its acquisition of Rialti S.p.A., a prominent European polypropylene (PP) compounder specializing in sustainable PP compounds made from mechanically recycled feedstock. … Read the full press release

Volkswagen’s Elli Launches Elli Fleet Charging Across Europe to Streamline Electric Vehicle Fleet Management

(IN BRIEF) Elli, a brand under the Volkswagen Group, has introduced Elli Fleet Charging, an intelligent solution for managing and optimizing electric vehicle (EV) fleets across Europe. Initially available in Germany, Italy, Spain, and Austria, the platform allows companies to … Read the full press release

Versalis Breaks Ground on Demo Plant for Innovative Hoop® Technology for Plastic Recycling

(IN BRIEF) Versalis, the chemical company of Eni, has commenced the construction of a demonstration plant in Mantua, Italy, to advance its proprietary Hoop® technology for the chemical recycling of mixed plastic waste. Collaborating with Italian engineering company S.R.S. and … Read the full press release