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2019-03-25 10:50:00

ITALY'S RENEWABLE INVESTMENT $7.1 BLN

ITALY'S RENEWABLE INVESTMENT $7.1 BLN

REUTERS - Italy's Terna said on Thursday it would spend a record 6.2 billion euros ($7.1 billion) on its power grid to deal with the shift towards the production of more renewable energy.

In its 2019-2023 plan, the state-controlled company also promised to pay higher dividends as it forecast an average growth in core earnings of more than 4 percent.

"The energy transition process is moving faster than expected and renewables and the phasing out of fossil fuels will have a major…

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Tags: ITALY, RENEWABLE, INVESTMENT, TERNA,
Chronicle:
ITALY'S RENEWABLE INVESTMENT $7.1 BLN
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ITALY'S RENEWABLE INVESTMENT $7.1 BLN
2020, February, 21, 12:00:00
NORWAY'S JANUARY PETROLEUM PRODUCTION 1.963 MBD
Norway's Preliminary production figures for January 2020 show an average daily production of 1 963 000 barrels of oil, NGL and condensate
ITALY'S RENEWABLE INVESTMENT $7.1 BLN
2020, February, 21, 11:55:00
FRANCE'S NUCLEAR CHANGES
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ITALY'S RENEWABLE INVESTMENT $7.1 BLN
2020, February, 21, 11:50:00
NETHERLANDS RENEWABLE INVESTMENT €5 BLN
The Netherlands is the European country with the lowest share of renewable in its energy mix with only 7.4% in 2018.
ITALY'S RENEWABLE INVESTMENT $7.1 BLN
2020, February, 21, 11:45:00
PETROBRAS NET INCOME $10.2 BLN
Petrobras highlights of the 2019 result: - Adjusted EBITDA was US$ 32.7billion, an increase of 3.8% in relation to 2018, due to lower production costs and lower contingencies. - Net income reached US$ 10.2 billion, mainly reflecting gains with asset sales. - The adjusted net debt / LTM Adjusted EBITDA ratio increased to 2.41x, applying the effects of IFRS 16, from 2.20x in 2018. Once these effects were eliminated, the index would have been 1.95x. - The remuneration to shareholders in the form of dividends and interest on capital was R$ 10.6 billion, equivalent to R$ 0.73 per common andR$ 0.92 per preferred share in circulation.
ITALY'S RENEWABLE INVESTMENT $7.1 BLN
2020, February, 21, 11:40:00
AUSTRALIA'S SANTOS NET PROFIT $674 MLN
Santos has delivered strong financial results with EBITDAX1 up 14% to a record US$2.5 billion and free cash flow1 up 13% to over US$1.1 billion. Reported net profitafter tax increased by 7% to US$674 million.
ITALY'S RENEWABLE INVESTMENT $7.1 BLN
2020, February, 21, 11:35:00
NOVATEK'S PROFIT: +430%
Profit attributable to shareholders of PAO NOVATEK increased to RR 865.5 billion (RR 287.39 per share), or 5.3 times, as compared to 2018.
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