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Plenitude finalises EIP’s 10% stake acquisition through €800mn capital injection

Swiss fund Energy Infrastructure Partners increases its stake in Plenitude to 10% after a total €800mn investment, confirming a post-transaction equity valuation of €8bn.

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Italian company Plenitude, a subsidiary of energy group Eni, has finalised the capital increase enabling Energy Infrastructure Partners (EIP) to raise its stake to 10% of its shareholding. The transaction, approved by the relevant authorities, represents a total contribution of €800mn, including €209mn recently injected, adding to the €588mn already invested in March 2024.

This operation confirms Plenitude’s equity valuation at approximately €8bn, with an enterprise value exceeding €10bn. EIP, a Swiss fund manager specialising in large-scale investments within the energy sector, continues its strategic involvement in firms aligned with global energy market trends.

Strengthening Plenitude’s financial structure

Active in over 15 countries, Plenitude operates a business model structured around three pillars: renewable electricity generation, the provision of energy and related solutions to more than 10 million European clients, and a network of over 21,000 electric vehicle charging points. By reinforcing its capital base, the company aims to support its target of reaching 10 GW of installed renewable capacity by 2028.

According to Stefano Goberti, Chief Executive Officer of Plenitude, finalising the transaction is a lever for financial robustness and strategic continuity. The company’s performance in 2024 has, in his view, enabled it to surpass targets, reinforcing the viability of its integrated model amid an evolving energy landscape.

Extended support from EIP

Tim Marahrens, Partner at Energy Infrastructure Partners, emphasised the strategic significance of this expanded investment, praising Plenitude’s ability to capitalise on market shifts. He reaffirmed EIP’s commitment to its collaboration with Eni and Plenitude’s leadership team to support organic growth.

The development of the partnership between Eni, Plenitude and EIP represents a milestone in shaping new investment models within the European energy sector. The transaction comes as market players consolidate their positions in fast-growing segments, notably decentralised energy production and electric mobility.

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