Ardian and A2A, who joined forces in 2020, are launching their 1st green energy project in Italy with a €1.5 billion investment.
Objective: to create a joint venture to compete with Italy’s green energy leader.
Ardian and A2A invest in a joint venture
A2A will contribute 3 billion euros in enterprise value, transferring its hydrogen, wind and solar power plants to the new company.
Ardian, meanwhile, will hold a 45% stake, enabling A2A to accelerate the achievement of its green growth objectives.
Both companies have identified potential investment targets and plan to evaluate further opportunities in the future.
A2A’s sustainable commitments
A2A has committed to spending 16 billion euros by 2030 to reduce its carbon footprint.
The company also hopes to triple its renewable energy production capacity to 5.7 GW, made possible by investors like Ardian.
“We want to create one of the largest electricity producers and suppliers in Italy, with a clear decarbonization strategy” declared A2A.
If public sector and private investment are sometimes antithetical, A2A and Ardian are the perfect example of a working case.
It now remains for the two companies to succeed in their gamble and compete with Italy’s leading green electricity supplier.
