Power Markets
Sources say that Italy is planning to invest in Newcleo, a nuclear startup.
Two sources familiar with the matter confirmed on Monday that the Italian government intends to invest in Newcleo, a nuclear startup company. This is part of its efforts to bring back nuclear power in Italy after nearly 40 years. According to one source, the right-wing alliance could invest up to 200 million euros (216.52 millions) in Newcleo through state-controlled entities. One senior official said that Rome looked with special interest at Newcleo’s projects, and was willing to invest in it. The ministers spoke following a joint announcement by Italy's Energy and Industry Ministers that the government will play an active...