Plenitude and Methagora sign 15-year biomethane supply partnership in France

Plenitude, an Eni company, has secured a significant long-term biomethane supply, committing to 750 GWh over 15 years from Methagora in France. This estimated €75 million supply agreement provides Plenitude with a stable, decarbonized energy source to serve its millions of residential and business customers across Italy and Europe. The 15-year Power Purchase Agreement (PPA) structure offers crucial revenue certainty for Methagora's underlying energy transition infrastructure assets, ensuring predictable returns on its investments in France. For Plenitude, this long-term PPA de-risks future supply volatility and supports its integrated energy solutions strategy by adding renewable gas to its electricity and gas offerings. This commercial arrangement directly benefits Plenitude by enhancing its green energy portfolio and Methagora by guaranteeing a consistent revenue stream for its biomethane production. This supply agreement aligns directly with Plenitude's strategy as an Eni company providing integrated energy solutions, enabling it to expand its renewable energy generation and gas offerings to its European customer base. Methagora, a Paris-based investment fund founded in 2010, leverages this long-term PPA to monetize its energy transition infrastructure assets, securing stable cash flows for its portfolio managing over €1.5 billion. The deal reinforces Methagora's focus on energy transition investments across Europe, providing a clear pathway for returns on its French assets. For Plenitude, integrating this biomethane supply enhances its ability to meet evolving customer demands for sustainable energy solutions across Italy and Europe. This transaction demonstrates how Methagora, with its €1.5 billion infrastructure asset base, is actively deploying capital into projects that generate predictable, long-term revenue streams through agreements like this 15-year PPA.