Plenitude has signed an agreement to acquire a portfolio of 52 operating renewable energy assets from Neoen, a leading renewable energy company, totaling approximately 760 MW of installed capacity located throughout France. The portfolio includes 37 photovoltaic plants, 14 wind farms, and one operating battery storage facility, collectively producing approximately 1.1 TWh of electricity annually.

Transaction Details and Market Impact

The transaction represents one of the largest renewable energy deals completed in the French market in recent years. The agreement marks a further step in Plenitude's growth strategy, reinforcing its position among Europe's leading integrated energy players. The completion of the deal is subject to the approval of the competent authorities. The acquisition significantly contributes to Plenitude's 2025 installed capacity targets and supports the company's growth under the 2025–2028 Strategic Plan.

This strategic plan aims to reach 10 GW of installed renewable capacity by 2028, aligning with Plenitude's commitment to the energy transition.

Strategic Expansion in France

The acquisition will further consolidate Plenitude's presence in France, which the company describes as one of Europe's most dynamic energy markets. Plenitude already serves around 1 million retail customers in France and is growing in both energy solutions and e-mobility markets. The integration of the acquired portfolio with Plenitude's existing assets will enable optimized operations and partnerships.

Stefano Goberti, CEO of Plenitude, commented on the acquisition: “The acquisition expands our presence in France, where we already serve around 1 million retail customers and where we are growing in both energy solutions and e-mobility markets. Through this operation, we strengthen our integrated business model and accelerate progress toward achieving our strategic objectives.”

Company Profile and Growth Targets

Plenitude is a company controlled by Eni that integrates renewable energy production, energy sales, energy services, and a large network of electric vehicle charging points. The company currently provides energy to 10 million households and businesses across Europe. The company has set ambitious customer growth targets, aiming to exceed 11 million customers by 2028 and reach 15 million by 2030.

This acquisition supports these expansion goals by strengthening Plenitude's integrated business model across multiple European markets. The announcement was made from Milan on November 18, highlighting the company's continued commitment to renewable energy development and its strategic positioning in the European energy transition market.

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