- EIB and Iren signed a €225 million contract for 2025-2028 investments.
- The project focuses on waste management and energy efficiency in Italy.
- Expected savings include 6,800 MWh of energy and 50,000 tonnes of waste reduction annually.
- Investments target regions like Piedmont, Emilia-Romagna, Liguria, and Tuscany.
Investment Overview
The European Investment Bank (EIB) and Iren Group have signed a €225 million finance contract to support Iren's 2025-2028 investment plan. The agreement, signed in Milan, aims to enhance circular economy practices and energy efficiency in Italy.
Project Goals
The project focuses on modernizing waste management and improving energy efficiency in public and private buildings. Key initiatives include strengthening waste sorting, reducing waste generation, and implementing pay-as-you-throw systems. Energy-saving upgrades will also be supported, particularly in buildings managed by non-profit organizations.
Environmental Impact
The EIB estimates that the energy efficiency measures will save approximately 6,800 MWh of primary energy annually and generate about 1,400 MWh of electricity from renewable sources. The circular economy measures are expected to reduce waste generation by around 50,000 tonnes per year and increase waste sorting for recycling or biomethane production by approximately 220,000 tonnes annually.
Regional Focus
Investments will primarily occur in north-western Italy, specifically in the regions of Piedmont, Emilia-Romagna, and Liguria, where Iren Group has a strong presence. Additional initiatives will take place in Tuscany and other Italian regions, implemented through Iren Group companies like Iren Ambiente and Iren Smart Solutions.
