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UnipolSai bets on renewables

Bologna - Italian insurance group Unipol increases its commitment on the renewable energy sector and creates Unipolsai Energia, it is announced from company’s headquarter. Up to 2018, Unipol has invested 326 million euros in funds and investments to implement the UN 2030 agenda for sustainable development

Bologna - Italian insurance group Unipol increases its commitment on the renewable energy sector and creates Unipolsai Energia, it is announced from company’s headquarter. Up to 2018, Unipol has invested 326 million euros in funds and investments to implement the UN 2030 agenda for sustainable development, of which 223.3 million have been invested in renewable energy.

A particular attention was paid to strategies focused on renewable energy sources, able to combine interesting expected return/risk profiles with equally important sustainability profiles. Specifically, funds were invested in companies whose business consists of photovoltaic, wind and hydroelectric production. Instead, with reference to eco-efficiency, Unipol made some investments in strategies focused on energy efficiency projects, in particular in public and private lighting and in the conversion of separate production plants (thermal and electrical) to co-generation or trigeneration plants.

The importance of the renewable energy sector in Italy is witnessed by some data: at the end of 2018 in our country there were almost 54 GW of installed power deriving from renewable sources, which contributed to the coverage of 40.3% of energy production national electricity; of these 54 GW, 20.1 GW derive from photovoltaics, 18.9 GW from hydroelectric 10.3 GW from wind and 4.3 GW from bioenergy and geothermal energy. Even the market data testify to a positive trend: in 2018 the new electric power from renewable installed in Italy was 1,162 MW and increased by 27.9% compared to the previous year.

In this context, the UnipolSai Energia product was created, aimed at companies that own and/or manage photovoltaic, biomass, hydroelectric and wind power plants, ie the four macro-types of plants that produce energy using renewable sources. The premiums collected through the distribution of UnipolSai Energia will contribute to achieving one of the objectives of the new Business Plan to 2021, the 30% increase (from 22.7% in 2018) of the penetration of products with environmental and social impact.

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