ROMA (ITALPRESS) – The European Investment Bank (BEI) and the Iren Group have signed a financing agreement of EUR 225 million in support of the Italian multi-utility investment programme for the period 2025-2028. The operation, signed today in Milan by the EIB Vice-President, Gelsomina Vigliotti, and the Executive President of Iren, Luca Dal Fabbro, aims to support a series of interventions aimed at promoting the circular economy and energy efficiency through the strengthening of waste collection systems and the implementation of measures to reduce energy consumption of buildings.
The agreement provides for investments in urban waste management, including new containers, means for collection, recycling centers and infrastructures to support the introduction of “Pay-As-You-Throw” (PAYT) systems, which connect tariffs to the amount actually produced and encourage better separation to the source. At the same time, the project includes energy efficiency measures aimed at reducing consumption in buildings, with particular attention to socio-economic structures, such as senior residences and mental health centres, managed by non-profit organizations. According to the estimates of the Bank, energy efficiency measures supported by the EIB will save approximately 6,800 MWh of primary energy each year and produce about 1,400 MWh of electricity from renewable sources, equivalent to the annual requirement of approximately 550 Italian families.
At the same time, circular economic measures supported by the EIB will have a significant environmental impact, reducing waste production by around 50,000 tonnes per year, and increasing the differentiated collection for recycling or biomethane production by about 220.000 tonnes per year. The investments will be realized mainly in the three regions of the North West Italy where historically the Group Iren (Piemonte, Emilia Romagna, Liguria) but with initiatives also in Tuscany and other Italian regions. The activities will be carried out through the companies of the Iren Group, in particular Iren Ambiente and Iren Smart Solutions.
“The agreement announced today is a concrete step towards a more sustainable development model, based on emissions reduction, circular economy and energy efficiency,” said Gelsomina Vigliotti, EIB Vice-President. Supporting quality investments in waste management infrastructure and energy efficiency of the building heritage means creating lasting benefits for citizens, strengthening territories and contributing to environmental protection.”.
“We are very pleased to continue in the historical collaboration with EIB with which, over the years, we have undersigned loans for 2 billion euros that have contributed to increase the share of green financing tools, today more than 80% – says Luca Dal Fabbro, Executive President of Iren -. The financing operation signed today supports the sustainable investments of the Iren Group at the basis of the transition plan at 2040, favouring waste collection and energy efficiency projects that will have significant impacts on our territories.”.
– Iren press office photos –
(ITALPRESS).
