Compagnia Energetica Italiana: 30 milioni per impianti green

Compagnia Energetica Italiana (Cei), a Milan-based company operating for over ten years in the sale of electricity and gas, has announced a plan to invest 30 million euros in green energy projects over a 2-3 year period. According to Enrico Pozzi, the president and CEO of Cei, the company aims to achieve a capacity of 25-30MW of renewable energy, primarily solar, with a commitment to this investment.

The move is part of a strategic, balanced, and prudent industrial strategy, focusing on stability rather than rapid growth. Cei plans to integrate renewable energy production with its existing operations, starting with the acquisition of solar energy from producers and expanding into generating and selling electricity. This investment comes at a time when the market is facing disruptions due to rising prices after the 2022 crisis caused by the Russian-Ukrainian war and the Middle East and Hormuz Strait crisis.

Pozzi believes that diversifying their supply by integrating renewable energy production will provide greater stability to their business. The aim is to operate exclusively within Italy, with the first operation expected to commence by the end of the year, followed by concrete implementation in January. This is the first time Cei is making direct investments in assets, though a minority stake in Energred, a Roma-based group focused on energy efficiency services and renewable energy generation, was acquired earlier this spring.

Cei currently employs around 60 people, with plans to hire at least 10 more within the next year. The company's network is expected to expand to include at least 10 additional employees in the coming year.