Plenitude and Ferriera Valsabbia sign 10-year renewable energy supply agreement for 15MW wind farm output

The 10-year corporate PPA between Plenitude and Italian steel manufacturer Ferriera Valsabbia provides critical long-term energy price stability for 15MW of onshore wind output. Ferriera Valsabbia, a major producer of rebar and wire rod for the construction sector, secures a dedicated supply of renewable electricity in Italy, directly hedging against volatile power markets for its operations. This agreement, announced on August 2, 2024, ensures a decade of green power for the manufacturer founded in 1954 in Odolo. Plenitude benefits from a guaranteed revenue stream for the full 15MW capacity of its wind farm over the ten-year term. The undisclosed value suggests a bespoke commercial arrangement tailored to the specific risk profiles of both parties within the Italian energy landscape. Plenitude, an Eni company, leverages its renewable energy generation assets to deliver integrated energy solutions to industrial clients across Italy and Europe. This PPA connects Plenitude's onshore wind output directly to a significant business customer, expanding its portfolio of electricity and gas supply. For Ferriera Valsabbia, a long-standing Italian steel manufacturer, the 15MW wind power agreement directly supports operational sustainability and cost management for its specialized rebar and wire rod production. The 10-year duration provides essential energy security for the company's manufacturing processes in Italy. This transaction demonstrates continued corporate PPA adoption in Italy, particularly for energy-intensive sectors seeking stable, decarbonized power sources.