Category Archives: Italy

Press Releases & News from Italy distributed via EuropaWire

Eni Successfully Wraps Up Cronos-2 Well Appraisal in Offshore Cyprus

(IN BRIEF) Eni has completed the Cronos-2 well appraisal in Block 6, offshore Cyprus, confirming a production capacity exceeding 150 MMSCFD. The well aimed to assess the extension and reservoir characteristics of the Cronos gas discovery, proving hydraulic communication and … 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

Italy’s Motorway Network Set for Green Transformation with EIB’s €1.2 Billion Investment

(IN BRIEF) The European Investment Bank (EIB) has allocated a €1.2 billion loan to Autostrade per l’Italia SpA (ASPI) for the modernization of approximately 3,000 kilometers of motorways in Italy. This investment, supported by the EIB’s Climate Bank Roadmap and … 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

Climate Crisis Threatens Arctic Glacier Archives: Svalbard Ice Loss Rapidly Erases Climate Signals

(IN BRIEF) A study led by the Institute of Polar Sciences of the Italian National Research Council (Cnr-Isp) and Ca’ Foscari University of Venice reveals alarming findings regarding the rapid deterioration of climate signals stored in Svalbard Island glaciers due … Read the full press release

Rally Sweden 2024: Studded Sottozero Tyres Only; Route Features Technical Challenges

(IN BRIEF) The 2024 edition of Rally Sweden, marking the second round of the WRC and the first for the Junior category, introduces significant changes to the route compared to the previous year. Teams will face technical sections with more … 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

Webuild’s Environmental Leadership Recognized with ‘A-‘ Rating in Climate Change Programme 2023

(IN BRIEF) Webuild, a global leader in the fight against climate change, has received an “A-” rating in the Climate Change Programme 2023 by CDP (formerly Carbon Disclosure Project), surpassing the average ratings of both the European region and the … Read the full press release

Fincantieri Launches “Masters of the Sea” Initiative to Address Shipbuilding Labor Shortage

(IN BRIEF) Fincantieri has introduced the “Masters of the Sea” project, a collaboration with the ELIS consortium, aimed at alleviating the shortage of skilled labor in the shipbuilding industry. This initiative, unveiled in Rome, entails a paid training program leading … Read the full press release

Generali Partners with TCC to Establish Generali Convention Center Trieste

(IN BRIEF) Generali and TCC-Trieste Convention Center have announced a three-year agreement naming the largest multifunctional convention center in northeastern Italy as the Generali Convention Center Trieste. This partnership reflects Generali’s commitment to fostering Trieste’s growth potential by supporting the … 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

Eni CEO and Indonesian President Discuss Energy Transition and Gas Potential in High-Level Meeting

(IN BRIEF) The President of Indonesia, Joko Widodo, met with Claudio Descalzi, the CEO of Eni, in Jakarta to discuss Eni’s ongoing projects and future initiatives in Indonesia. Descalzi highlighted Eni’s significant milestones in 2023, including the discovery of 5 … 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 Achieves ISO 37301 Certification for Robust Compliance Management System

(IN BRIEF) Eni SpA has successfully obtained ISO 37301:2021 certification for its Compliance Management System from Italy’s leading certification body, RINA Services SpA. This recognition reinforces Eni’s commitment to promoting a culture of compliance, ethics, and sustainability within the organization. … 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

Windward Offshore Expands Order for Hybrid CSOVs from Vard

(IN BRIEF) The Windward Offshore consortium has exercised options to expand its contract with Vard, a subsidiary of the Fincantieri group, for the design and construction of two additional hybrid Commissioning Service Operation Vessels (CSOVs), bringing the total to four … Read the full press release

Webuild Secures Lucrative Contract for Ontario Line’s Pape Tunnel and Underground Stations Development

(IN BRIEF) Milan-based construction company, Webuild Group, has entered into a joint venture with Fomento de Construcciones y Contratas Canada Ltd. (“FCC Canada”) to win a contract valued at approximately €700 million to €1.3 billion for the development and construction … Read the full press release

Plenitude Enhances Spanish Offshore Wind Portfolio with BlueFloat and Sener Collaboration

(IN BRIEF) Plenitude, an Italian energy company specializing in renewable energy, has joined forces with BlueFloat Energy and Sener Renewable Investments to advance offshore wind projects in Spain. This partnership strengthens their existing consortium and creates a dominant player in … Read the full press release

Terna to Inform Citizens of Ferrara About Electricity Grid Restructuring Project

(IN BRIEF) On January 24th, Terna will host an information session at the Giorgio Bassani Library in Ferrara to present the upcoming restructuring of the city’s electricity grid. The project involves replacing overhead lines with underground cables, constructing a new … Read the full press release

Vespa Unveils Limited-Edition Vespa 946 Dragon and Dragon Varsity Jacket for Lunar New Year Celebration

(IN BRIEF) Vespa, the iconic Italian scooter brand, introduces a limited-edition Vespa 946 Dragon and matching Dragon Varsity Jacket in honor of the Year of the Dragon. The Vespa 946 Dragon, produced in a limited run of 1888 units, showcases … Read the full press release

WIIT Secures €10 Million Loan with Green Guarantee from Intesa Sanpaolo for Sustainability Projects

(IN BRIEF) WIIT S.p.A., a leading European enterprise cloud computing services provider, has received a €10 million loan with a Green Guarantee from Intesa Sanpaolo to support sustainability projects, specifically the pursuit of its Environmental Objectives under the WIIT4Climate initiative. … Read the full press release

Fincantieri Earns Top Employer Italy Certification for the Third Consecutive Year in 2024

(IN BRIEF) Fincantieri, the Italian shipbuilding company, has been awarded the Top Employer Italy certification for the third consecutive year in 2024. This prestigious certification recognizes companies that excel in human resources strategies and policies aimed at enhancing employee well-being … Read the full press release

South Korea’s Daesan Complex to Host LG Chem and Enilive’s Innovative Biorefinery

(IN BRIEF) LG Chem and Enilive have moved closer to making a final investment decision on their joint biorefinery project in South Korea by signing a joint venture agreement. The project, planned for LG Chem’s petrochemical complex in Daesan, South … 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

Stadler Expands Hydrogen Train Fleet for Italian Railway FdC

(IN BRIEF) Italian railway operator Ferrovie della Calabria (FdC) has ordered three additional hydrogen-powered narrow-gauge trains from Stadler as part of a framework agreement. These trains will run on regional and local routes in Italy’s Calabria region and are expected … 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

Eni Acquires Additional Treasury Shares as Part of Its Buyback Program

(IN BRIEF) Eni, an energy company, has reported the acquisition of 4,640,950 treasury shares, equivalent to 0.14% of its share capital, between January 2 and January 5, 2024. The shares were purchased on the Euronext Milan stock exchange at an … Read the full press release

Plenitude Expands Its Renewable Portfolio with Acquisition of Three U.S. Solar Parks from EDPR

(IN BRIEF) Plenitude, a renewable energy company and subsidiary of Eni New Energy US Inc., has signed an agreement with EDP Renováveis (EDPR) to acquire an 80% equity stake in three operational photovoltaic plants in the United States. The Cattlemen … Read the full press release

Logicor Strengthens Bologna Presence with Sustainable Warehouse Redevelopment

(IN BRIEF) Logicor, a prominent European logistics real estate owner, manager, and developer, has completed a redevelopment project in San Giorgio di Piano, Italy, enhancing its sustainability features. The project transformed the site, previously occupied by Mercatone Uno, into a … Read the full press release

Italian Renewable Powerhouse GreenIT Expands Solar Portfolio with 140 MW Galileo Deal

(IN BRIEF) GreenIT, the Italian renewable energy joint venture backed by Plenitude (Eni, 51%) and CDP Equity (CDP Group, 49%), has entered into an agreement with Galileo, a pan-European renewable energy development platform, to develop eight photovoltaic projects totaling approximately … Read the full press release

Fincantieri Earns Gender Parity Certification UNI/PdR 125:2022 from RINA

(IN BRIEF) Fincantieri, the Italian shipbuilding company, has become the first shipbuilder in Italy to achieve the Gender Parity Certification UNI/PdR 125:2022 from RINA (Registro Italiano Navale). The certification recognizes Fincantieri’s commitment to promoting gender equity and inclusion within the … Read the full press release

Enel Sells US Renewable Asset Portfolio to ORMAT for $271 Million

(IN BRIEF) Enel, through its subsidiary Enel Green Power North America (EGPNA), has completed a transaction with ORMAT Technologies for the sale of a renewable asset portfolio in the United States. The deal, valued at $271 million, includes EGPNA’s entire … Read the full press release

Enel Continues Share Buyback Program with Acquisition of 186,000 Treasury Shares

(IN BRIEF) Enel S.p.A. has announced the purchase of 186,000 treasury shares between December 27th and 29th, 2023, on the Euronext Milan market, at an average price of 6.7302 euros per share, amounting to 1,251,825.900 euros. This transaction is part … Read the full press release

Terna Gains Approval for €8 Million Underground Power Line to Boost Energy Security in La Spezia

(IN BRIEF) The Minister of Environment and Energy Security has granted authorization for Terna’s new electricity connection project linking La Spezia and Arcola (SP). With an investment of 8 million euros, the project will involve the construction of a 4.3 … Read the full press release

Eni Achieves Record Gas Introduction Milestone at Congo LNG Project

(IN BRIEF) Eni has announced a significant achievement in its Congo LNG project, with the successful introduction of gas into the Tango Floating Liquefied Natural Gas (FLNG) facility moored in Congolese waters, just twelve months after the final investment decision. … Read the full press release

UniCredit S.p.A. Completes First Tranche of Share Buy-Back Program

(IN BRIEF) UniCredit S.p.A. has successfully concluded the First Tranche of its share buy-back program, which was initiated on October 30, 2023, following authorization from the Shareholders’ Meeting on October 27, 2023. The buy-back program aimed to purchase UniCredit’s ordinary … Read the full press release

Terna Achieves Milestones in Governance and Tax Transparency, Gains Admission to Italian Tax Scheme

(IN BRIEF) Terna, Italy’s national power grid operator, has achieved noteworthy milestones by securing the “UNI Pdr 104 2021” certification for robust administrative and tax governance and being admitted to the Italian Revenue Agency’s Collaborative Compliance tax scheme. The certification, … Read the full press release