Plenitude joins the BlueFloat Energy - Sener Renewable Investments partnership for the development of offshore wind projects in Spain

Madrid, January 22, 2024 – Plenitude has reached an agreement with BlueFloat Energy and Sener Renewable Investments to join their strategic partnership to advance the development of offshore wind projects in Spain. The agreement with Plenitude bolsters the joint venture formed by BlueFloat and Sener Renewable Investments 3 years ago, creating a leading consortium in the offshore wind sector in Spain with a total portfolio of approximately 1.25 GW of floating offshore wind projects across Galicia (Parque Nordés), Catalonia (Parc Tramuntana) and the Canary Islands (Parque Tarahal).
Plenitude shares the unique portfolio development approach consistently applied by BlueFloat Energy and Sener Renewable Investments, which aspires to carefully integrate environmental and social considerations in the project design and embed the projects within the local communities. In Spain, Plenitude manages 430 MW of solar PV and onshore wind power in operation, 1 GW of projects that are under construction, and more than 2 GW of projects in development. The company also manages a network of electric car charging points and provides electricity and energy services to over 300 thousand customers in the country.
Plenitude operates in 15 countries, with a portfolio of around 3 GW of renewable capacity in operations, an objective of 7 GW capacity expected to be in place by 2026 and more than 15 GW by 2030.

Stefano Goberti, CEO of Plenitude, said: “Thanks to this agreement, we strengthen our offshore wind portfolio and commitment in the renewables sector in Spain. We are glad to start this collaboration with BlueFloat and Sener Renewable Investments to contribute to the country's energy transition process, through an innovative and high-potential technological solution as floating offshore wind. Growth in the renewables sector is central to Plenitude's strategy, in line with the company's goal of achieving carbon neutrality by 2040 and providing decarbonized energy to all its customers”.

According to Carlos Martín, CEO of BlueFloat Energy: “The agreement with Plenitude strengthens our consortium thanks to their solid track-record in developing and executing renewable energy projects, financial strength, and strong technical capabilities, which are highly complementary to BlueFloat Energy’s expertise in offshore wind and Sener’s engineering competences. With Plenitude on board, our projects take a significant step forward while consolidating our leading position in the offshore wind sector in our home market”.

As Miguel Domingo, CEO of Sener Renewable Investments, points out: “The three companies share a clear commitment to implement offshore wind projects in Spain in a sustainable and equitable way, seeking their environmental, social, and economical compatibility and integration at the local and regional level. With Plenitude we reinforce this commitment”.

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About Plenitude
Plenitude, company controlled by Eni, is active in 15 countries across the world with a business model integrating the production of electricity from around 3 GW renewable sources capacity, the sale of energy and energy solutions to around 10 million European clients, and an extensive network of almost 20,000 charging points for electric vehicles. By 2026, the company aims at reaching 11 million clients, more than 7 GW of installed renewable capacity and more than 30,000 installed charging points.

About BlueFloat Energy
BlueFloat Energy is developing offshore wind projects in various regions of the world, where it can implement its vision: to accelerate global deployment of offshore wind as a key enabler for the energy transition and economic growth. BlueFloat Energy brings together a global and multi-disciplinary team with remarkable expertise in the design, development, financing, procurement, and execution of offshore wind projects. BlueFloat Energy is a market leader in offshore wind development and currently has over 32 GW of planned fixed-bottom and floating offshore capacity globally. BlueFloat Energy is a portfolio company of 547 Energy, which invests in renewable power and grid resiliency companies, with the backing of Quantum Capital Group, a leading provider of private equity, credit, and venture capital to the global energy and energy transition industry.

www.bluefloat.com    |    www.547energy.com    |    www.quantumcap.com

About Sener
Sener is a private engineering and technology group founded in 1956, which seeks to transform the world by challenging the limits of technology, with a mission to help its customers with innovative and effective solutions through its differentiating values: innovation, excellence, commitment, passion, and teamwork. Sener has more than 3,400 professionals on five continents. In offshore wind, Sener accompanies its clients throughout the life cycle of a project, with experience in all stages of its development, providing solutions to meet the sector challenges through services of permitting, engineering and project and construction management or developing floating technology, as the semi-submergible platform HiveWind, developed by HiveWind Energy, a joint venture between Sener Renewable Investments and Nervión Naval-Offshore.
www.group.sener