The European Investment Bank (EIB) has agreed to provide up to €800 million in funding to support Edison’s efforts to drive Italy’s energy transition. This significant financial boost will be delivered through a series of loan agreements, with the first €200 million deal signed today in a meeting between EIB Vice-President Gelsomina Vigliotti and Edison CEO Nicola Monti at Palazzo Edison.

The financing will be spread across multiple agreements over the coming years, aiding Edison’s plans for expanding renewable energy, improving energy efficiency, and enhancing public lighting across Italy. The EIB’s contribution will cover more than the usual 50% of project costs, reaching up to 75% due to the projects’ alignment with the EU’s REPowerEU objectives.

Vice-President Vigliotti stressed the importance of the deal: “This operation confirms the EIB’s role as the EU climate bank. Accelerating the energy transition is critical to ensuring Europe’s sustainability, competitiveness, and strategic autonomy. By investing in clean solutions today, we are building a more resilient, secure, and prosperous future for all.”

Nicola Monti of Edison highlighted the strategic significance of the deal: “This financing further acknowledges our sustainability journey. Edison is a key player in Italy’s energy transition, and this agreement underscores our strong commitment to investments in renewables, efficiency, and energy security to support the country’s sustainable development.”

The investments will align with Edison’s responsible operator strategy, supporting Italy’s national energy and climate goals. Edison aims to have 75% of its investments aligned with the EU taxonomy by 2030, with renewables and related sectors contributing 55% of the company’s EBITDA in 2023.

The favourable terms of the EIB loans, backed by the bank’s AAA credit rating, will support Edison’s long-term growth in the renewable energy sector.