Italian Railways Commits €1.3 Billion to Solar Energy Project

Ferrovie dello Stato, Italy’s state railway, is investing €1.3 billion in a photovoltaic plant to produce 1 GW of energy by 2029, covering 19% of its energy needs. The project aims to double capacity to 2.2 GW by 2034, meeting 35-40% of demand. CEO Stefano Donnarumma highlighted plans for partnerships with financial or industrial players, potentially through contracts, shared ownership, or a dedicated investment vehicle. Initial financing discussions are underway, reflecting the company’s commitment to sustainability and innovation in renewable energy within the transport sector. Resources: https://esgnews.com/italian-railways-commits-e1-3-billion-to-solar-energy-project/