According to the company’s website press release on September 22, 2022, 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, Plenitude are adding an important development platform to Company portfolio in order to boost Company ability to generate energy from renewable sources for Company customers across Italy and Spain. The development of the wind and photovoltaic sectors is key to Company 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 Company know-how, as well as the portfolio of projects that Infrastrutture S.p.A. have built up in Italy and Spain over Company 30 years of experience in the sector, and which Infrastrutture S.p.A. plan to expand further. Infrastrutture S.p.A. are happy to consolidate Company 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.
