Energy Infrastructure Partners has raised its stake in Plenitude to 10%, reflecting a total investment of around EUR 800 million, underscoring confidence in the company's growth and leadership in the energy transition market.

Information on the Target

Plenitude is a global leader in the energy transition sector, operating in over 15 countries. The company has successfully integrated production from more than 4 gigawatts of renewable energy capacity, providing energy solutions to over 10 million customers in Europe. Additionally, Plenitude boasts an extensive infrastructure of over 21,000 electric vehicle charging stations. With ambitious plans to expand, the company aims to achieve 10 gigawatts of installed renewable capacity and serve over 11 million clients by 2028.

Industry Overview in Italy

The energy industry in Italy is undergoing significant transformation, driven by the European Union's commitment to reduce carbon emissions and enhance energy security. This initiative has catalyzed investment in renewable energy sources, with Italy stepping up its capabilities in solar, wind, and other renewable infrastructures. Italy's robust regulatory framework and incentive programs for green energy projects reinforce the growth potential in this sector.

Moreover, the Italian government has set ambitious objectives for carbon neutrality by 2050, promoting the adoption of electric vehicles and the expansion of chargin