At the end of November, Italian energy infrastructure group Snam announced that it had earmarked up to €23bn for investments in energy networks, storage and renewable sources. The group aims to have 80% of its funding covered by sustainable finance products by 2025, up from the current 60%.
Chief financial officer Alessandra Pasini talked to The Banker’s sister publication, Sustainable Views, about the importance of energy storage, repurposing existing infrastructure for the transportation of green energy (which would come at a fraction of the cost of building new ones), and how environmental, social and governance (ESG) factors affect capital decisions.
