Edison, an Italian energy company, has secured 500MW of new renewable capacity in 2026, supported by more than €600m ($699.58m) in investment.
Edison emerged as one of the winners in the FER-X auctions, supporting its 2030 strategic plan.
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As a part of its organic growth strategy, Edison expedited its strategic plan this year, completing construction projects totalling roughly 200MW throughout Italy.
The upcoming portfolio will include about 300MW of wind power and 200MW of solar power, with projects concentrated in several regions such as Piedmont, Abruzzo, Campania, Puglia, and Sicily.
Specifically, the projects will include photovoltaic (PV) plants in Sicily (55MW), Campania (27MW), and Veneto (16MW), and wind farms in Basilicata (9MW) and Abruzzo (80MW).
Together, these developments will more than double renewable generation capacity while reducing the number of wind turbines by 73%.
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By GlobalDataEdison CEO Nicola Monti said: “Edison confirms its leadership in Italy’s energy transition, a result of which we are particularly proud. The success achieved in the recent FER-X auctions demonstrates our ability to be competitive in the market from an industrial and technological point of view, but also the solidity of our development model.
“This excellent result allows us to accelerate our growth in renewables, with the aim of doubling our installed green capacity in the coming years and making a concrete contribution to achieving the country’s decarbonisation targets.”
The opening of the new construction sites will employ about 1,000 workers and involve 200 supplier companies.
These sites will also benefit from Edison’s recently signed agreement with the European Investment Bank for financing of up to €800m.
This financing, arranged through loan agreements, can cover up to 75% of eligible costs where projects contribute to REPowerEU, exceeding the bank’s usual 50% threshold under its Energy Lending Policy.
The first financing agreement for €200m was signed on 21 November.
To enhance grid security and the amount of renewable energy in the grid, Edison considers it is crucial to pair intermittent renewable sources such as wind and PV plants, with an average 2,000 to 2,400 equivalent hours of operation out of 8,760 in a year, with flexibility and storage tools.
Edison is an integrated operator across Italy’s electricity supply chain, from energy production to the management and maintenance of generation parks, and sales to end customers.
It has approximately 8GW of installed capacity distributed throughout Italy.
Its portfolio comprises more than 250 power plants, including hydroelectric, wind, and PV facilities, as well as combined cycle gas turbines.
Over the past two years, Edison is said to have added and commissioned more than 1.5GW of programmable capacity.
This flexible capacity, designed to balance renewable intermittency, is described as among the most advanced and efficient in the world.
