Global Infrastructure SherpaGreenIT approves new 2023-2027 Business Plan with €1.7 billion investment targeting 1,000 MW renewable capacity
USD1.7B
Deal Value
1000 MW
Capacity
GreenIT, a joint venture between Plenitude (51%) and CDP Equity (49%), has approved its 2023-2027 Business Plan, committing €1.7 billion in investments to develop and construct greenfield offshore and onshore renewable plants in Italy. The plan targets an installed capacity of 1,000 MW by 2027, including a focus on floating offshore wind farms, aligning with Italy's energy transition goals and the strategic objectives of its parent companies.
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GreenIT, the joint venture backed by Plenitude and CDP Equity, just greenlit a €1.7 billion investment plan to build out 1,000 MW of new renewable capacity across Italy by 2027. This substantial capital injection targets greenfield onshore and offshore projects, notably focusing on floating offshore wind farms. The five-year plan directly supports Italy's energy transition goals and the strategic objectives of its parent companies.
- €1.7 billion investment approved for 2023-2027
- 1,000 MW renewable capacity target by 2027
- Focus on floating offshore wind farms in Italy
- GreenIT is a 51% Plenitude, 49% CDP Equity joint venture
Timeline
Announced
Apr 6, 2023
Signed
Closed
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