Elena Distaso
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Email: elena.distaso@edison.it
Edison: Agreement with the European Investment Bank for Italy's Energy Transition
EIB provides €800 million to Edison to back Italy’s energy transition
• The EIB financing will be split into several loan agreements to support Edison’s investments in renewables and energy efficiency.
• EIB Vice-President Gelsomina Vigliotti and Edison Chief Executive Officer Nicola Monti met today to announce the signature of the first €200 million loan agreement.
• The operation is in line with REPowerEU objectives and Italy’s national energy and climate plan, to which Edison contributes by ensuring the security and stability of the national power grid.
• EIB Vice-President Gelsomina Vigliotti and Edison Chief Executive Officer Nicola Monti met today to announce the signature of the first €200 million loan agreement.
• The operation is in line with REPowerEU objectives and Italy’s national energy and climate plan, to which Edison contributes by ensuring the security and stability of the national power grid.
The European Investment Bank (EIB) is providing up to €800 million to support Edison’s investment plan to promote Italy’s energy transition. The EIB funds will be allocated through several loan agreements. The first €200 million agreement was signed today during a meeting between EIB Vice-President Gelsomina Vigliotti and Edison Chief Executive Officer Nicola Monti at Palazzo Edison.
Structured into several loan agreements to be signed in the coming years, the financing will help bolster Edison’s development plan for renewable energy, energy efficiency and public lighting. The EIB financing will cover more than the standard 50% of the total cost of the projects due to their significant contribution to REPowerEU objectives. This means the EU bank will be able to finance up to 75% of the total cost, in line with its Energy Lending Policy.
“This operation confirms the EIB’s role as the EU climate bank,” said EIB Vice-President Gelsomina Vigliotti. “Speeding up the energy transition is key to guaranteeing sustainability, competitiveness and strategic autonomy in Europe. Investing in clean solutions today means building a more resilient, secure and prosperous tomorrow for all.”
“The EIB financing is further recognition of our ongoing sustainability journey,” added Edison Chief Executive Officer Nicola Monti. “We are a leading player in Italy’s energy transition, and this agreement demonstrates the strength of our commitment and investment plan focusing on renewables, efficiency and energy security to support the sustainable development of the country.”
The EIB-supported investments fall under Edison’s responsible operator strategy, with an industrial development plan in line with the goals of Italy’s national energy and climate plan. In 2023, Edison’s strategic plan formalised the commitment to make investments that are 75% aligned with the EU taxonomy by 2030. Last year, 55% of the company’s earnings before interest, taxes, depreciation and amortisation (EBITDA) was derived from renewables, flexibility instruments, customers and services.
The particularly favourable financial conditions (term and interest rates) of EIB loans – made possible by the Bank’s AAA or equivalent credit rating – will support Edison’s path towards lasting and sustainable growth.
Public disclosure obligations as required by CONSOB resolution no. 11971 of 14 May 1999, as amended.
Structured into several loan agreements to be signed in the coming years, the financing will help bolster Edison’s development plan for renewable energy, energy efficiency and public lighting. The EIB financing will cover more than the standard 50% of the total cost of the projects due to their significant contribution to REPowerEU objectives. This means the EU bank will be able to finance up to 75% of the total cost, in line with its Energy Lending Policy.
“This operation confirms the EIB’s role as the EU climate bank,” said EIB Vice-President Gelsomina Vigliotti. “Speeding up the energy transition is key to guaranteeing sustainability, competitiveness and strategic autonomy in Europe. Investing in clean solutions today means building a more resilient, secure and prosperous tomorrow for all.”
“The EIB financing is further recognition of our ongoing sustainability journey,” added Edison Chief Executive Officer Nicola Monti. “We are a leading player in Italy’s energy transition, and this agreement demonstrates the strength of our commitment and investment plan focusing on renewables, efficiency and energy security to support the sustainable development of the country.”
The EIB-supported investments fall under Edison’s responsible operator strategy, with an industrial development plan in line with the goals of Italy’s national energy and climate plan. In 2023, Edison’s strategic plan formalised the commitment to make investments that are 75% aligned with the EU taxonomy by 2030. Last year, 55% of the company’s earnings before interest, taxes, depreciation and amortisation (EBITDA) was derived from renewables, flexibility instruments, customers and services.
The particularly favourable financial conditions (term and interest rates) of EIB loans – made possible by the Bank’s AAA or equivalent credit rating – will support Edison’s path towards lasting and sustainable growth.
Public disclosure obligations as required by CONSOB resolution no. 11971 of 14 May 1999, as amended.
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