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Milan, 22 September 2022 - Plenitude - a Società Benefit wholly owned by Eni, has entered a new partnership with Infrastrutture S.p.A. to develop solar and wind power projects in Italy and Spain by acquiring a 65% stake in Hergo Renewables S.P.A., a company that holds a portfolio of projects in the two countries with a total capacity of approximately 1.5GW. Infrastrutture will retain the remaining 35% stake.
The first project is a photovoltaic plant in Montalto di Castro (VT) with a capacity of 37 MW. Works will commence in the coming weeks. The plant is expected to come into operation in the second half of 2023.
Stefano Goberti, CEO of Plenitude said: “With this partnership, we are adding an important development platform to our portfolio in order to boost our ability to generate energy from renewable sources for our customers across Italy and Spain. The development of the wind and photovoltaic sectors is key to our growth strategy, which aims to reach more than 2 GW of installed capacity from renewable sources by the end of 2022, scaling up to over 6 GW by 2025 and over 15 GW by 2030”.
Pier Francesco Rimbotti, CEO of Infrastrutture S.p.A. and incoming CEO at Hergo Renewables, where he will be supported by a team of sector experts, said: “The synergies with Plenitude will enhance our know-how, as well as the portfolio of projects that we have built up in Italy and Spain over our 30 years of experience in the sector, and which we plan to expand further. We are happy to consolidate our contribution to the deployment of quality renewable projects, an effective measure in the fight against climate change and a sustainable supply diversification tool.”
This operation will contribute to the gradual decarbonization of the electricity sector in Italy and Spain, to the energy transition process undertaken by Eni and to Plenitude's ambitious goals of achieving carbon neutrality by 2040 and supplying 100% decarbonized energy to all its customers.
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EnergIA (ener'dʒia) is a system based on Generative Artificial Intelligence.
Thanks to this technology, we can respond to your requests by querying the most relevant content and documents available on eni.com. (Note: financial documents from the last 12 months and press releases from the last 2 years are considered.)
Through EnergIA, you can delve into topics of interest and have a real-time window into the world of Eni.
If you wish to search for a specific document, press release or news, use the traditional search engine via the magnifying glass icon.
Like all systems that leverage Generative Artificial Intelligence, EnergIA may generate inaccurate or outdated responses. Always consult the sources that EnergIA proposes as the origin of the generated information.
If the system fails to find an exact match for the requested content, it still tends to provide a response.
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Remember that the content generated by the system does not represent Eni’s official position. We therefore invite stakeholders to refer to their designated contacts for official statements: Press Office for journalists, Investor Relations for analysts and investors, Company Secretariat for shareholders etc..
EnergIA can understand questions posed in almost all languages, but we prefer to provide you with a response in English or Italian, the two languages available on eni.com. If you ask a question in Italian, the content on the site in Italian will be consulted. If you ask it in English or any other language, the content in English will be consulted. (Note: the language Eni uses for financial documents/content is predominantly English.)
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