Eni Plenitude

Plenitude operates across 15 countries with 6 GW of renewable power generation capacity, serves approximately 11 million electricity and gas customers, and runs a network of over 23,000 electric vehicle charging points. The company is majority owned by Eni, with stakes held by Ares and Energy Infrastructure Partners following recent transactions. After the latest capital raise, Plenitude is valued at an €10.75bn equity valuation and a €13.1bn enterprise value. Governance will move to joint control between Eni and Ares with a nine-member board reflecting the new ownership split. Management has indicated the company will use the strengthened capital structure to accelerate its strategic objectives and growth plans. Operational metrics and the recent funding position Plenitude to continue expanding its energy transition businesses.