ROME : Italy’s biggest utility Enel (ENEI.MI) has signed a grant deal with the European Commission to scale up a solar panel gigafactory it owns in Sicily and make it Europe’s largest maker of bifacial photovoltaic modules, which produce power from both sides of the panel. The development of the 3Sun panel factory, dubbed TANGO, […]
Italy launching EUR-1.5bn measure for rooftop photovoltaic in agriculture – EQ Mag Pro
A decree that gives for the launch of a EUR-1.5-billion (USD 1.65bn) measure to assist photo voltaic in Italy’s agricultural sector was signed on Friday by agriculture minister Stefano Patuanelli. Funds for the initiative have been earmarked as a part of Italy’s Nationwide Restoration and Resilience Plan. A 40% share shall be devoted to financing […]
Italy’s Enel Is Set to Hit Its Goal With First Batch of Climate-Linked Bonds – EQ Mag Pro
Enel SpA says it expects to achieve its renewable energy targets after the first-ever sustainability-linked bonds met their deadline. The Italian utility’s installed capacity of renewable energy plants needed to have hit at least 55% of total capacity by the end of 2021 to avoid a coupon step-up on about $3.7 billion of sustainability-linked bonds […]
Enel, Eni Join Forces on Electric Car Charging in Italy – EQ Mag Pro
MILAN : Energy groups Enel and Eni have reached an agreement to allow electric car drivers to recharge vehicles using the two companies’ infrastructure networks across Italy. Enel’s energy e-service unit Enel X and Eni’s Be Charge operate Italy’s main electric vehicle (EV) charging networks with around 20,000 charging points. Under the agreement consumers will […]
Italy, Spain: EIB provides financing to FS Italiane to purchase new high-speed trains in Italy and Spain via €350 million green bond – EQ Mag Pro
Subscriptions of Ferrovie dello Stato Italiane S.p.A bonds worth up to €550 million approved by the EU bank, of which €350 million signed today. The €350 million tranche signed today is the first green bond signed by the EIB in its history. The funding will be used by Trenitalia to purchase high-speed trains for Italian […]
Italy: EIB invests €49 million in renewable energy in Tuscany, contributing to climate action – EQ Mag Pro
€49 million will go to Iniziative Bresciane (INBRE), which will onlend the EIB funds to Iniziative Toscane (Intos) for the construction of 12 small hydroelectric plants and the restoration of 13 weirs on the Arno river Support for the decarbonisation of Italy’s energy sector Project to enhance the water management of the Arno river, respecting biodiversity […]
ReneSola Power and Emeren Launch Their First Solar Project in Italy – EQ Mag Pro
STAMFORD, Conn. : ReneSola Ltd (“ReneSola Power” or the “Company”) (www.renesolapower.com) (NYSE: SOL), a leading fully integrated solar project developer, and Emeren, a London, United Kingdom-based project developer specialized in the development of renewable energy power plants in Europe and other international markets, announced the launch of a 7 MW ground-mounted solar project, jointly developed […]
Italy’s ERG Says Only Minor Disruption From Cyber Breach
Milan : Italian renewable energy group ERG (ERG.MI) said on Wednesday a cybersecurity breach had caused only minor disruption to its information and communications technology (ICT) infrastructure, adding all its plants were working properly. Earlier on Wednesday Italian newspaper La Repubblica said ERG had been targeted by a ransomware attack on Friday, citing hackers claiming […]
First-Ever Test With a 30% Natural Gas/Hydrogen Blend in Steel Forging
The world’s first test of a 30% natural gas/hydrogen blend in steel forging was successfully carried out by a collaboration between Snam, RINA and the GIVA Group. The test was held in Italy at the Forgiatura A. Vienna plant and was used to power furnaces. The trial involved the use of the hydrogen/gas mix to […]
Italy Set to Construct its First Stretch of Inductive Motorway For EVs
Automaker Stellantis will also be part of this project. This 1,050-metre asphalt ring will be located between Brescia and Milan with 1 MW power running through.About 14 companies are coming together to execute this plan. Italy is all ready to get its first stretch of inductive motorway for electric vehicles that will push the country […]
