Plenitude and Simply Blue Group to develop floating offshore wind projects in Italy, including the 1.3 GW Messapia and 1.1 GW Krimisa projects

Type: Development · Technology: Offshore Wind · Country: Italy · Capacity: 2400 MW · Announced: 2023-01-01

Plenitude and Simply Blue Group will jointly develop 2.4 GW of floating offshore wind capacity in Italy, including the 1.3 GW Messapia and 1.1 GW Krimisa projects.

Analysis

Plenitude and Simply Blue Group announced on 2023-01-01 a joint development for 2.4 GW of floating offshore wind capacity in Italy, a substantial commitment to this specialized renewable technology. This development deal includes two major projects: the 1.3 GW Messapia facility and the 1.1 GW Krimisa facility. The commercial logic for Plenitude, an Eni company, centers on expanding its renewable energy generation portfolio within Italy, directly supporting its integrated energy solutions strategy for residential and business customers across Italy and Europe. For Simply Blue Group, this partnership provides a significant pipeline to advance its pioneering focus on floating wind technology, a key segment of the blue economy. The joint development structure allows both entities to leverage their distinct strengths, with Plenitude providing market access and broader energy expertise in Italy, while Simply Blue Group contributes its specific development experience in floating wind. Plenitude, as an Eni company, provides integrated energy solutions encompassing renewable energy generation, electricity, and gas to millions of customers across Italy and Europe, making this 2.4 GW development a direct expansion of its renewable capabilities in its home market. This move reinforces Plenitude's strategy to diversify its energy mix. Simply Blue Group, a blue economy developer, brings its specialized expertise in pioneering floating wind, wave energy, and low-impact aquaculture projects, directly supporting its mission to create new economic opportunities for coastal communities. The joint development of the 1.3 GW Messapia and 1.1 GW Krimisa projects in Italy positions both companies to capitalize on the nascent floating offshore wind sector within the country. This partnership allows Simply Blue Group to scale its unique technology focus, while Plenitude secures a substantial pipeline of renewable assets in Italy.

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