Press Releases and News

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.

SACE unveils its new ESG Strategy at COP28, while addressing a diverse audience of more than 100 industry leaders from the GCC region, a pivotal area shaping sustainable transition initiatives globally. Driving change, accelerating the transition of its customers and becoming a “ESG Excellence Company” in its daily activities are the core principles of the new Strategy, which will entail the considerable evolution of SACE's operating and business model with the integration of environmental, social, and governance criteria in all decision-making processes and a scientific measurement of its impact