Plenitude expands portfolio in Italy and Spain with acquisition of PLT

The acquisition builds on Plenitude’s previous expansion in Italy and Spain earlier this year. Image: Plenitude.

Plenitude, the renewables subsidiary of oil company Eni, has announced the acquisition of fellow Italian renewable energy company PLT and its assets.

The deal will see Plenitude expand its presence and portfolio in Italy and Spain. PLT owns 400MW of wind and solar capacity in Italy, and 1.2GW worth of projects under development in Spain, with 60% in an advanced development stage. The company will also transfer its 90,000 Italian retail customers to Plenitude.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Stefano Goberti, CEO of Plenitude, said: “This acquisition will allow us to exceed 2GW of net installed capacity and, in line with the targets announced to the market, we expect to reach more than 6GW in 2025. Such growth supported by a pipeline of 13GW of solar and wind projects and by strategic and synergic agreements such as the one we are announcing today”.

Plenitude said that it intends to exceed 15GW of installed capacity by 2030. This acquisition is pending customary approvals before coming into effect.

Earlier this year, the company announced a partnership with independent power producer Infrastrutture to develop 1.5GW of solar and wind across Italy and Spain.  

12 March 2024
Frankfurt, Germany
The conference will gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing out to 2030 and beyond.
26 November 2024
Málaga, Spain
Understanding PV module supply to the European market in 2025. PV ModuleTech Europe 2024 is a two-day conference that tackles these challenges directly, with an agenda that addresses all aspects of module supplier selection; product availability, technology offerings, traceability of supply-chain, factory auditing, module testing and reliability, and company bankability.

Read Next

Subscribe to Newsletter

Upcoming Events

Solar Media Events
March 12, 2024
Frankfurt, Germany
Upcoming Webinars
March 13, 2024
9am EDT / 1pm GMT / 2pm CET
Solar Media Events
March 19, 2024
Texas, USA