Italy: EIB supports Edison's investments in sustainability

For the EIB, these operations are in line with the transitional phase of the new Energy Lending Policy (ELP) approved last November, which aims to promote investments combating climate change.

Metadata
Provider: 
ECEC
URL: 
https://www.eib.org/press/all/2020-175-italy-eib-supports-edison-s-investments-in-sustainabilityhttps://www.eib.org/press/all/2020-175-italy-eib-supports-edison-s-investments-in-sustainability
Retrieved on: 
Thursday, July 2, 2020
Information
Tags: 
European Union, Economy of the European Union, Multilateral development banks, Financial services, European Investment Bank, Banking, Edison, Renewable energy
Summary
Key Points: 
  • For the EIB, these operations are in line with the transitional phase of the new Energy Lending Policy (ELP) approved last November, which aims to promote investments combating climate change.
  • The investments supported by the EIB form part of the consolidation strategy of Edison as a responsible operator, whose sustainable business model is aligned with the goals of the National Energy and Climate Plan.
  • Edison aims to substantially reduce its specific CO2 emissions, and double the share of electricity generated by renewable sources from 20% to 40% by 2030.
  • The Green Framework Loan is the first operation of its kind in Italy financed by the EIB.
  • The Marghera facility, one of the latest sustainable projects when the ELP was adopted, contributes substantially to security of supply, i.e.
  • Overall, financially speaking the new EIB funding will support Edison's investment efforts thanks to the favourable interest rates of the EIB loans.
  • This EIB financing provides important recognition for which we feel deeply honoured - said Edison CEO Nicola Monti.
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