September 24, 2023

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Intesa Sanpaolo launches new programme to persuade small business financial commitment in energy transition

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MILAN, Italy, April 20, 2023 (Globe NEWSWIRE) — Intesa Sanpaolo renews its motivation to support enterprises in the electricity transition. Endorsing the strength autonomy procedures of Italian organizations by expanding their competitiveness and generating financial, environmental and social positive aspects for the group, with a see to renewed cooperation amongst the community and non-public sectors. This is the primary aim of ‘Motore Italia Transizione Energetica’, the programme offered by Intesa Sanpaolo, which envisages a sequence of initiatives to inspire investment decision in electricity from renewable resources, also launching a precise venture connected to Renewable Energy Communities (RECs).

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The offer of actions was illustrated by Intesa Sanpaolo in Milan, in the course of a presentation attended by company and institutional associates this kind of as Alessandra Ricci, CEO of SACE, Paolo Arrigoni, chairman of GSE, Antonio Decaro, mayor of Bari and chairman of ANCI. Following an overview of the country’s economic and electricity context by Gregorio De Felice, Main Economist at Intesa Sanpaolo, Anna Roscio, Head of Corporate Gross sales & Advertising at Intesa Sanpaolo, illustrated the new strategy entitled ‘Motore Italia Transizione Energetica’ (Italy’s Energy Changeover Engine). Emanuele Orsini, Vice-President of Confindustria, also took the flooring. Stefano Barrese, Head of Intesa Sanpaolo’s Banca dei Territori Division, illustrated the ambitions and options for the company environment in investing in renewable electrical power and contributing to the country’s development.

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The 76 billion euro cap for investments in renewable energy plants is one particular of the actions proposed by Italy’s primary banking group to support the strength and environmental changeover established out in the NRRP, for which the group has earmarked a total of much more than 410 billion euros between now and 2026 to help the aims of the plan’s missions, of which 120 billion euros for SMEs.

Stefano Barrese, Head of Intesa Sanpaolo’s Banca dei Territori Division, commented: “Today, alongside one another with our companions, we are renewing our dedication to the business earth in a decisive place, that of electrical power transition. The collaboration amongst non-public and public entities, which has already yielded fantastic success throughout the pandemic, need to be strengthened for the growth of Renewable Power Communities, an crucial opportunity for SMEs and homes by advantage of concrete financial, social and environmental gains for complete territories. This is why we intend to provide our businesses, private individuals, and Third Sector operators, in the broadest attainable viewpoint, with the most ground breaking resources to make them seize the opportunities arising from the electricity changeover, reinforcing the initiatives by now introduced beneath the NRRP, with a forecast of 410 billion euros in funding, of which 76 billion earmarked for the strength changeover, thereby aiding to crank out sustainable progress in line with the objectives of our Company Strategy.”

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