BAKU, Azerbaijan, November 22. The European Investment Bank (EIB) is providing up to €800 million to support Edison’s investment plan aimed at promoting Italy’s energy transition, Trend reports via the EIB.
The funding will be structured through several loan agreements, with the first €200 million agreement signed today at Palazzo Edison during a meeting between EIB Vice-President Gelsomina Vigliotti and Edison CEO Nicola Monti.
The financing will support Edison’s development in renewable energy, energy efficiency, and public lighting. Thanks to the significant contribution of the projects to REPowerEU objectives, the EIB will cover up to 75% of project costs, exceeding the standard 50% threshold under its Energy Lending Policy.
The investments align with Edison’s strategy as a responsible operator and Italy’s national energy and climate plan. In 2023, Edison formalised its commitment to ensure 75% of its investments comply with the EU taxonomy by 2030. In 2024, over half of Edison’s EBITDA came from renewables, flexibility instruments, customer solutions, and services.
The favorable financial terms of the EIB loans, supported by the Bank’s AAA credit rating, will underpin Edison’s sustainable growth and energy transition ambitions.