Connect with us


Eni and CDP Equity create a joint venture to produce green energy in Italy

A new joint venture was created by Eni and CDP Equity with the goal of producing energy from renewable sources in Italy. 51% of GreenIT is owned by Eni, while 40% is owned by CDP Equity. The objective is to reach an installed capacity of about 1,000 MW by 2025. During the next five years, the total investment is expected to be around $953 million (€800 million).



Eni and CDP Equity have established GreenIT, a joint venture dedicated to the development, construction, and management of plants for the production of electricity from renewable sources in Italy. 

GreenIT, 51% owned by Eni and 49% by CDP Equity, aims to produce energy mainly from photovoltaic and wind power plants with the objective of reaching an installed capacity by 2025 of about 1,000 MW, with cumulative investments over the five-year period of more than $953 million (€800 million).

If you want to find more details about the new joint venture created by Eni and CDP Equity, and to read the latest and most important business headlines in the world, download for free the Born2Invest mobile app.

GreenIT is the second joint venture created by Eni

Last November, Eni had created the joint venture Vårgrønn together with the Norwegian fund HitecVision to develop renewable energy projects in the Nordic market. In that case, the joint venture  is owned by Eni with a 69.6% stake and HitecVision with a 30.4% stake.

Returning to the new Italian joint venture with Cdp Equity, the law firm Gianni, Origoni, Grippo, Cappelli & Partners assisted the Cassa Depositi e Prestiti group, while the Eni group was assisted by Legance.

The resources will be used on various lines of action, including the development and construction of greenfield plants, including through the enhancement of the real estate assets of the CDP Group and the Public Administration, the repowering of plants at the end of their useful life and the construction of authorized projects.

The CEO of CDP Equity and CIO of CDP, Pierpaolo Di Stefano, commented: “The creation of GreenIT is the realization of a further project envisaged by the Cassa Depositi e Prestiti Business Plan to promote the energy transition and combat climate change, contributing to the achievement of the sustainable development objectives of the United Nations 2030 Agenda. The collaboration with Eni will allow working, in a systemic perspective, to develop projects with positive impacts on the territories for the production of energy from renewable sources, in order to build a model increasingly oriented to sustainability and support the country in achieving the targets defined by the National Integrated Energy and Climate Plan.”

Giuseppe Ricci, general manager of Eni’s Energy Evolution, said, “This new joint venture is part of Eni’s strategy for the energy transition and contributes to the acceleration of our transformation path towards green energy and renewables. In this perspective, thanks to the partnership with Cassa Depositi e Prestiti, our commitment to decarbonisation becomes more and more concrete: in order to achieve the objectives of the United Nations 2030 Agenda, it is essential to work together at a national level and share investment opportunities and know-how.”


(Featured image by Pixabay via Pexels)

DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.

This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.

First published in Be Beez, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.

J. Frank Sigerson is a business and financial journalist primarily covering crypto, cannabis, crowdfunding, technology, and marketing. He also writes about the movers and shakers in the stock market, especially in biotech, healthcare, mining, and blockchain. In the past, he has shared his thoughts on IT and design, social media, pop culture, food and wine, TV, film, and music. His works have been published in,, Seeking Alpha, Mogul, Small Cap Network, CNN,, among others.