Italy's Enel Green Power SpA (EGPW.MI) said Monday it finalized with Assicurazioni Generali SpA (G.MI) and agricultural company Terrae an agreement to promote the use of biomass to generate electricity.
Italy
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Enel Green Power SpA (EGPW.MI) said Monday it finalized with Assicurazioni
Generali SpA (G.MI) and agricultural company Terrae an agreement to promote the
use of biomass to generate electricity.
In a statement, Enel Green Power said it and Generali each bought a 15% stake
in Terrae, which is tied to the beet and sugar industry.
The National Association of Beet Growers, or ANB, owns the remaining shares in
Terrae.
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