Plenitude acquires a 760 MW portfolio of renewable assets from Neoen in France

Plenitude is set to acquire a 760 MW hybrid renewable portfolio from Neoen in France, a substantial capacity addition for the Eni subsidiary. This announced transaction, dated 2025-11-18, significantly expands Plenitude's generation footprint within the French market. The commercial logic for Plenitude centers on enhancing its renewable energy generation capacity, directly supporting its integrated energy solutions offered to millions of residential and business customers across Italy and Europe. For Neoen, a leading independent producer of exclusively renewable energy, divesting this 760 MW portfolio likely enables capital recycling from developed assets. This allows Neoen to re-invest in its core business of developing, financing, building, and operating new solar, wind, and storage power plants. The hybrid nature of the assets provides Plenitude with a diversified generation profile in France. This acquisition directly supports Plenitude's strategic objective of expanding its renewable energy generation capabilities across Europe, moving beyond its established presence in Italy. As an Eni company providing integrated energy solutions, securing 760 MW of French generation capacity bolsters its ability to serve millions of residential and business customers with electricity and gas. Neoen, described as a leading independent producer of exclusively renewable energy, consistently develops, finances, builds, and operates solar, wind, and storage power plants. The sale of this 760 MW portfolio in France allows Neoen to monetize mature assets, providing capital for its ongoing development pipeline of new renewable projects. This transaction aligns with Neoen's model of developing assets and then potentially divesting them to fund further growth in the European renewable sector.