Intesa Sanpaolo supports companies' energy transition with €76 bln
Intesa Sanpaolo presents its new “Motore Italia Transizione Energetica” programme, which confirms €76 billion in support of business investment in renewable energy and encourages the creation of renewable energy communities (RECs).
The programme promotes the energy autonomy of Italian companies, thus increasing their competitiveness, with economic, environmental and social benefits for the community, in view of renewed collaboration between the public and private sectors.
The €76 billion made available for investments in renewable energy is part of the more than €410 billion made available by Intesa Sanpaolo to support the goals of the NRRP missions, which includes €120 billion for SMEs from now to 2026.
Renewable energy communities and the S-Loan CER
Renewable energy communities (RECs) are virtuous initiatives that aim for self-generation of electricity from green sources: groups of households, companies or non-profits band together to self-generate and use electricity from renewable sources, making it a "zero-kilometre shareable" energy.
The S-Loan CER is a new line of financing that Intesa Sanpaolo makes available to companies that decide to invest in renewable energy: the mechanism provides an incentive in the form of a lower interest rate, with an additional bonus if the company allocates part of the energy generated, and not used internally, to the renewable energy community. The S-Loan CER can be combined with the SACE Green Guarantee.
The benefits for companies that invest in green energy generation by placing photovoltaic panels on the roofs of their facilities include:
- savings from the use of self-generated energy
- revenues on energy fed into the grid for surplus energy
- revenues on incentives for the shared energy distributed among members of the REC.
The S-Loan CER is in addition to the S-Loan line of financing already provided by the Group for SMEs and mid-caps interested in investing in reducing their environmental impact.
The agreements in support of the “Motore Italia Transizione Energetica" plan include:
- a three-year agreement with Confindustria to provide companies with €150 billion in liquidity and broad, structured cooperation
- a memorandum of cooperation with ANCI to promote the spread of renewable energy communities
- a cooperation agreement with GSE to foster the integration of ESG and sustainable development issues in the financial sector and the Italian business community
"The public-private cooperation that already yielded good results during the pandemic must be reinforced to develop renewable energy communities, an important opportunity for SMEs and households in view of their concrete economic, social and environmental benefits for entire areas."
Stefano Barrese, Head of Intesa Sanpaolo's Banca dei Territori Division
For an overview of energy transition issues, an analysis (Italian only) by Gregorio De Felice, Chief Economist of Intesa Sanpaolo, is available.
Last updated 24 April 2023 at 17:23:55
