Italian public transport company FNM SpA (<a href="https://www.borsaitaliana.it/borsa/azioni/scheda/IT0000060886.html?lang=en" target="_blank">BIT:FNM</a>) has decided to set foot in the renewables market with a deal to take an 80% stake in independent power producer (IPP) Viridis Energia SpA which has a portfolio of about 47 MW of operational solar and biogas assets.