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EIP to acquire stake in Plenitude

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EIP to acquire stake in Plenitude | Windpower Monthly

Swiss fund manager, Energy Infrastructure Partners (EIP), has agreed to acquire a 9% stake in Eni’s renewables arm, Plenitude.

EIP will invest €500m into Plenitude’s capital structure, with the option of raising this to up to €700m by early 2024.

The transaction values Plenitude at more than €10bn. Plenitude currently operates nearly 3GW of renewables capacity. By 2026, it intends to more than double this to 7GW, then raise the total to 15GW by 2030.

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