Plenitude and Ferriera Valsabbia ink 10-year renewable energy deal

Plenitude has announced the signing of a 10-year corporate power purchase agreement with Ferriera Valsabbia for the supply of energy produced 100 per cent from renewable sources. The agreement covers the full output of a 15 MW wind farm owned by Plenitude, located in Sannicandro di Bari, Apulia, Italy.

Furthermore, the energy produced from the plant is expected to total more than 350 GWh over the entire period and is anticipated to contribute to meeting the energy needs of Ferriera Valsabbia’s facilities starting in September 2024. Plenitude, an Eni-controlled company, operates in the energy sector with a unique business model that combines renewable energy production, energy sales, and solutions, along with an extensive network of electric vehicle charging points.

In July 2024, Plenitude completed the construction of a new onshore wind farm in Calabria, Italy, with a capacity of over 39 MW. The plant features nine modern wind turbines and is anticipated to produce 84 GWh of electricity every year, powering over 30,000 households.