(Alliance News) - WIIT Spa announced Thursday that it has obtained a EUR10 million loan from Intesa Sanpaolo Spa, backed by a green guarantee from SACE.

The financing will support the pursuit of environmental goals - WIIT4Climate - specifically, for the purchase of new servers, storage and software. Indeed, the exponential increase in digital traffic volumes is forcing ICT companies to adopt energy-efficient solutions and move toward energy production and procurement from renewable sources.

In line with this need, cloud providers and companies that own data centers are looking for innovative technology solutions that can reduce business energy consumption.

For Intesa Sanpaolo, "it is crucial to promote the development of a sustainable economy and, thanks in part to its collaboration with SACE, it supports businesses, especially SMEs, in sustainability, innovation and environmental impact reduction projects."

"We are very proud that Intesa Sanpaolo and SACE believed in our ESG to 2023 project, and the provision of a EUR10 million loan with a green guarantee to support investments in sustainability projects and in particular in the pursuit of environmental objectives is proof of this," said Alessandro Cozzi, CEO of WIIT.

"The appreciation that WIIT continues to receive from the financial community encourages us to define business growth goals that are increasingly integrated with sustainability with a medium- to long-term vision and, in this particular case, in fostering the energy autonomy processes of our data centers."

"We want to support WIIT in this project because it has a positive impact on the territory and the community and demonstrates an innovative and sustainable business strategy," said Pierluigi Monceri, regional director Milan, Monza and Brianza of Intesa Sanpaolo. "We continue to ensure financial support for investments in transformative green, energy and digital transition projects in line with PNRR initiatives. Thanks to "Motore Italia Transizione Energetica," our group concretely supports businesses by generating economic, environmental and social benefits for the community and fostering the development of new energy communities."

WIIT's stock is up 0.7 percent to EUR17.78 per share while Intesa Sanpaolo's stock gains 0.2 percent to EUR2.74 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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