EIB backs Italgas Group with €250m for national energy-efficiency programme
- EIB approved a €250 million, 15-year financing package for Italgas Group and signed a first €150 million tranche.
- Financing will fund aggregated small- and medium-sized projects implemented by Geoside and Italgas Properties over 2026–2029.
- Works cover renovations of public and private buildings, industrial efficiency measures, integrated PV for self-consumption and public lighting modernisation.
- Operation is expected to save ~30.6 GWh/year of primary energy and generate ~21.5 GWh/year from renewables, equivalent to about 8,200 households’ annual electricity.
Deal overview
The European Investment Bank approved a €250 million, 15-year financing package for Italgas Group to support energy efficiency upgrades across Italy and signed a first tranche of €150 million. The loan is intended to aggregate several investments and is the Group’s ninth operation with the EIB, bringing total EIB lending to Italgas to more than €1.9 billion.
Scope and timeline
The agreement will support a broad portfolio of small- and medium-sized projects to be implemented over the 2026–2029 period and will be carried out by Geoside, the Group’s ESCo, and Italgas Properties. Project types include energy-efficient renovation of public and private buildings, measures in the industrial sector, installation of integrated photovoltaic systems for self-consumption and modernisation of public lighting infrastructure.
Expected impact
According to EIB estimates, the operation should deliver primary energy savings of approximately 30.6 GWh per year and generate around 21.5 GWh of primary energy from renewable sources each year, an output equivalent to the annual electricity consumption of about 8,200 Italian households. The financing is presented as a way to accelerate implementation of the investment programme amid market volatility and complex trade dynamics.
Comments
Gelsomina Vigliotti, EIB Vice‑President, said the operation strengthens the EIB’s role in mobilising resources in a fragmented segment with significant financing needs and helps channel capital into projects across the country to improve sustainability and generate long‑term returns.
Italgas CEO Paolo Gallo highlighted energy efficiency as a means to reduce consumption while maintaining performance and said the financing will strengthen development of solutions based on Geoside’s proprietary technologies and in‑house artificial intelligence systems.
Source: European Commission
