Edison completes E2i acquisition and consolidates its role of second wind operator in Italy

Completed the closing with F2i for the purchase of 70% of E2i Energie Speciali. Through this transaction, Edison carries on its strategic plan to increase its share of energy production from renewables and be the leader in the energy transition in Italy, in line with the Integrated National Energy and Climate Plan and the EU Green Deal.

Milan, February 16, 2021 – Edison announces today the execution of the agreement signed on January 14, 2021 with F2i Fondi Italiani per le Infrastrutture to take over 70% of E2i Energie Speciali, a leading company in the Italian wind sector already financially consolidated by Edison which held the remaining stake of 30%, thus terminating the partnership started in 2014. With this transaction, Edison confirms its position as the second largest wind operator in Italy with a renewable installed capacity of 1 GW (1).

«It’s a fundamental step to follow up on the strategic development of Edison, which is committed to increasing its share of energy produced from renewables and to leading the energy transition in Italy, contributing to the achievement of the decarbonisation targets established by the National Integrated Energy and Climate Plan (PNIEC) and the European Green Deal – says Edison CEO Nicola Monti -. Through this operation, we will be fully able to enhance the synergies deriving from an integrated presence along the renewable energy sector and to accelerate our investment plan».

E2i Energie Speciali has a production portfolio consisting of 38 wind farms with an installed capacity of 706 MW, in addition to 4 new wind projects for 74 MW, and 3 small photovoltaic plants. The company operates in Abruzzo, Basilicata, Calabria, Campania, Emilia-Romagna, Molise, Piemonte, Puglia, Toscana, Sicilia Regions and produces about 1 TWh of electric power per year, equal to the average annual consumption of 370,000 households.

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Following the execution of the transaction, the hypotheses of intervention on the share capital of Edison Renewables S.r.l. (formerly EPER S.r.l.), within the terms set out in the information document published in July 2019 relating to the acquisition of EDF EN Italia S.p.A. (now Edison Renewables S.r.l.) and whose contents are recalled in full, have lost their relevance.

Public disclosure requirements under Consob Resolution no. 11971 of May 14, 1999, as amended.

(1) Hydroelectric activities excluded