Press Releases and News

The new solution by SACE to help companies manage climate risks

A 500 million USD strategic import transaction, creating new business opportunities for Italian exporters through SACE's Push Strategy. A term loan of USD 250 million and JPY 37.38 billion, arranged by SMBC, features a two-tranche structure with the first tranche, denominated in USD, that spans over five years, while the second tranche, denominated in JPY, extends over seven years, marking the first and inaugural "Samurai Loan" supported by SACE.

The gigafactory will produce 3GW of clean energy capacity by 2024, becoming Europe’s biggest solar panel production facility. Following the initial commitment by UniCredit, later flanked by BPER Banca and Banco BPM, the EIB is now joining the Italian banks in supporting the company. Senior financing is 80% backed by SACE Green guarantee, The overall financing secured for the construction and operation of the 3Sun plant is partly backed by InvestEU.

SACE, Italy’s Export Credit Agency and insurance-financial group controlled directly by the Ministry of the Economy and Finance, specialized in supporting businesses and the national economic system, signed two Memoranda of Understanding with KazakhExport Export Insurance company and Development Bank of Kazakhstan (DBK). The agreements were formalized on the occasion of the Italian-Kazakh roundtable, part of the official visit to Italy by President Kassym-Jomart Tokayev of the Republic of Kazakhstan, organized by the Ministry of Foreign Affairs and International Cooperation.

Italy’s Export Credit Agency, SACE, brought together a hundred leaders from the Brazilian and Italian business and finance community in Sao Paulo to explore trade and industrial synergies, with the aim of facilitating the transition towards green energy.