GS Utilities Daily Snam sells c.5 stake in Industrie De Nora to institutional investors European Commission launches com...

Equity Research 22 September 2026 | 8:52AM CEST

GS Utilities Daily: Snam sells c.5% stake in Industrie De Nora to institutional investors // European Commission launches common rating

Alberto Gandolfi | Goldman Sachs Bank Europe SE - Milan branch

Ajay Patel | Goldman Sachs International

Mafalda Pombeiro | Goldman Sachs International

Dhwani Khenwar | Goldman Sachs India SPL

Lawrence Lavizani | Goldman Sachs International

Liam Brueckner | Goldman Sachs International

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Snam sells c.5% stake in Industrie De Nora to institutional investors

Snam has announced the sale of approximately 10 mn of ordinary shares, representing 5% of the company’s share capital that it owns in Industrie De Nora. The sale was undertaken through an accelerated bookbuilding process reserved to institutional investor at a price of €6.69 per share generating gross proceeds of approximately €67 mn. Snam still holds c.17% of the company’s share capital. Source: Press Release

European Commission launches common rating scheme for data centers’ energy use

The European Commission has proposed a common EU rating and sustainability labeling scheme designed to increase transparency regarding the energy and water consumption of data centres. The new scheme will target facilities with a capacity above 500 kW. The regulation is currently undergoing a two-month scrutiny period by the European Parliament and the Council, with the first sustainability labels expected in 2027. Source: Press Release

RWE to build 400 MW battery to ease grid congestion in Netherlands

RWE has taken final investment decision to build a 400 MW (1,100 MWh) battery at Moerdijk power station in the Netherlands. Commissioning of the project is planned for the second quarter of 2028. Source: Press Release

Centrica sign 100 MW virtual tolling agreement in Germany

Centrica Energy and Return have signed long-term Virtual Tolling agreement for 100 MW / 400 MWh of battery storage flexibility in Germany. The contracted capacity is not tied to one dedicated battery project. Instead, it is provided through Return’s Virtual Flexibility Portfolio (VFP), bringing together capacity from Return-owned battery storage assets across Germany. The structure gives Centrica access to Return’s virtual flexibility portfolio, creating greater diversification and resilience, while the underlying capacity remains backed by physical battery energy storage systems (BESS). Rather than relying on one dedicated asset, capacity can be provided from across Return’s broader German battery portfolio. Source: Press Release

Nordex expands Delta4000 Series with the launch of the N193/7.X turbine

The Nordex Group has expanded its product portfolio with the launch of the N193/7.X wind turbine, the newest evolution within its Delta4000 series. Designed for medium and low-wind sites, it achieves a yield increase of up to 14% compared to the existing N175/6.X model thanks to an installed capacity of 7.3 MW with an expanded 193-meter