AGP Executive Report
Last update: 6 hours agoItalian energy & inflation watch: Istat revised Italy’s Q2 GDP growth to +0.2%, driven by domestic demand even as energy-linked inflation squeezed real disposable income; services and durables led, while net exports dragged. Macro pressure from energy prices: Eurozone inflation hit 3.3% in August (Italy 3.2%), with energy again the main driver. Power for data centers in Sardinia: Energy Vault says Italy’s Council of Ministers has designated its Digital Vault Sulcis program as “pre-eminent national strategic interest,” paving the way for faster approvals for an up-to-30MW edge AI data center tied to renewables and storage at the Carbosulcis site. Grid & renewables momentum: WindEurope reports record wind build-out in H1 (8.8GW deployed), but warns permitting bottlenecks still slow progress across Europe. Energy security stress test: Libya protesters shut the Mellitah oil and gas complex over power outages; the facility also feeds the Greenstream pipeline to Italy. Markets hit by rates and oil: A global bond selloff and higher crude prices pushed European stocks lower, with Italy’s FTSE MIB down 1.33% as Fed-hike odds stayed near 66%.
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