GreenIT signs €370m financing agreement
London, September 11, 2025, (Oilandgaspress) ––– GreenIT, the Italian joint venture backed by Plenitude (a company controlled by Eni) and CDP Equity has signed a new project finance agreement for a total amount of €370 million to support its renewable energy projects.
Aligned with the Green Loan Principles, the financing provides new resources to support investments in the development of a portfolio of greenfield onshore projects in Italy, through a flexible and long-term structure. The construction of the projects is expected to be completed by 2028, in line with GreenIT’s industrial plan, which targets 1GW of installed renewable capacity by 2030.
The European Investment Bank has subscribed a total amount of €220 million, including €180 million in direct loans and €40 million through financial intermediaries. The remaining share of the financing was provided by leading European financial institutions, including BNP Paribas – Italian Branch, Crédit Agricole Corporate & Investment Bank – Milan Branch, ING Bank N.V. – Milan Branch, and Societe Générale – Milan Branch.
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