The European Investment Bank (EIB) and Intesa Sanpaolo have signed two financial agreements totaling €750 million to support the development of renewable energy projects and related supply chains. The initiatives are expected to help finance the construction of renewable energy plants with a combined capacity of 2GW, mobilizing more than €4.5 billion in investment across the real economy.
The first agreement involves a €500 million framework loan from the EIB to Intesa Sanpaolo, aimed at supporting photovoltaic, wind, and bioenergy projects. These projects are anticipated to produce about 1,200 GWh annually, which is equivalent to the yearly energy consumption of over 400,000 Italian households. Approximately 80% of these projects will be located in Italy, with the remainder spread across other EU countries. The funding aligns with REPowerEU objectives and will cover up to 75% of eligible costs—higher than the standard 50%. This credit line is projected to unlock €670 million in investment and generate roughly 500 MW of new renewable capacity. It is also expected to create around 2,300 direct jobs during construction and approximately 180 permanent jobs during operation.
The second agreement provides for a €250 million counter-guarantee as part of the EIB’s €6.5 billion Wind Package announced at COP28 in Dubai. Supported by InvestEU—the European Union’s investment program—this counter-guarantee enables Intesa Sanpaolo to activate a portfolio of bank guarantees up to €500 million for backing supply chain and power grid interconnection investments in Europe’s wind sector. The measure aims to stimulate an estimated €4 billion in real economy investment and generate about 1.6 GW of new renewable capacity each year.
“With these agreements we are promoting not only the production of renewable energy but also the growth of a strategic industrial chain to boost the competitiveness of the European Union. Our recent collaboration with Intesa Sanpaolo is increasingly focused on promoting decarbonisation of the economy and shows our joint commitment to driving the energy transition and strengthening energy security across the country,” said EIB Vice-President Gelsomina Vigliotti.
“The goal of these operations is to facilitate and support long-term investments that can generate value for companies, regions and the entire economy. Our commitment as a group is to support companies on the path to energy transition, bolstering an increasingly key sector for sustainable growth and the competitiveness of Italy’s and Europe’s economy. In order to achieve these goals, an even closer public-private cooperation that can innovate the industry and stimulate new investments is essential, as shown by this important agreement signed with the EIB,” said Chief of IMI Corporate & Investment Banking Division at Intesa Sanpaolo Mauro Micillo.
The EIB acts as the long-term lending institution for EU member states, financing projects aligned with EU policy priorities such as climate action, digitalization, social infrastructure, cohesion policies, agriculture, bioeconomy, capital markets union, security and defense. In 2024 alone, it supported over 900 projects worth nearly €89 billion across Europe—including almost €11 billion in Italy—unlocking significant additional investment.
Intesa Sanpaolo remains Italy’s largest banking group by assets as well as loans provided; it had €419 billion in loans outstanding at June 2025 alongside customer financial assets totaling €1.4 trillion. The bank has set targets for impact contributions towards community welfare and green transition initiatives amounting up to €115 billion by 2025.
For further information about Intesa Sanpaolo’s activities visit their newsroom: https://group.intesasanpaolo.com/en/newsroom
