Energy Release 2.0: 116 companies aggregated by the FIMM group. 1,516 TWh assigned to Latitude for management. Agreement with GreenGo for the construction of 110 MW of new photovoltaic capacity.

Latitude, a FIMM Group company that operates as an Energy Manager and as a provider of strategic renewable‑energy management services for businesses, and delivers electric mobility solutions as a Charging Point Operator (CPO) through the Eleven brand, announces that it has successfully obtained the incentives provided for in the Energy Release 2.0 programme of Italian Gestore dei Servizi Energetici (GSE). 

The initiative involved 116 energy-intensive companies operating in 16 Italian regions, including 81 (70%) in Lombardy, Emilia-Romagna and Tuscany, involving four local and sectoral Confindustria associations. The aggregate companies represent a total turnover of approximately €9.2 billion, equivalent to 0.4% of national GDP and 0.5% of electricity consumption in Italy. The companies involved belong to various industrial sectors, with a significant prevalence in the ceramics, cement, glass, chemical, mining and food manufacturing sectors.
Through the Latitude aggregation process, a total of 1.5 TWh of electricity has been allocated for the period 2025-2027, equivalent to an annual allocation of 506 GWh.

"Latitude's aggregation has had a national reach thanks to the participation of numerous industrial sectors in a supply chain project that has certainly reached the Top 10 of Energy Release. We are probably the eighth or even seventh largest aggregator in the Italian market. The initiative consolidates our support for energy-intensive companies in the energy transition, facilitating access to support tools with a fair approach to the distribution of benefits designed primarily to alleviate the cost of energy in companies' budgets," says Franco Valentini, General Manager of Latitude.

The energy allocated will result in the construction of new photovoltaic plants across the country, through the financial and industrial commitment of GreenGo, an independent renewable energy producer, also part of the FIMM Group and partly owned by the French investment fund Eiffel Investment Group (€7 billion asset manager), that will be responsible for the development and construction of 110 MW of photovoltaic plants by 2028, of which 55 MW will benefit from a GSE support mechanism that provides an incentive tariff of €65/MWh for 20 years of operation. 
The technical quality and regulatory compliance of the projects in interface with the GSE have been ensured by the collaboration of REA, the FIMM Group's technical advisory company.

"Energy Release 2.0 is a virtuous example of a supply chain operation. The synergy between the green economy and the industrial sector is a strategic lever for promoting our manufacturing excellence in Italy and around the world," comments Giuseppe Mastropieri, CEO of GreenGo and Latitude, adding: "We are proud to be a reference point in clean tech and to be committed to the creation of new photovoltaic capacity to support our industries’ competitiveness, contributing with a one-stop-shop solution both to the energy transition and to the economic resilience of the country. Especially today, with an increasingly turbulent and volatile energy market due to regional conflicts – from Ukraine to Iran – the operation helps to strengthen energy security and generate immediate value for companies, combined with our long-term commitment to building a Green Energy Community with our aggregates, with which we are already discussing the possibility of new synergies."

–––

About Latitude S.r.l.
Latitude is an independent asset & energy manager with over ten years of experience in the management and enhancement of renewable energy plants for institutional investors and industrial companies. The company operates as a hub specialising in technical, operational and regulatory services, ensuring maximum efficiency, reliability and regulatory compliance throughout the entire life cycle of energy assets. 
Its activities include technical and operational management, permitting, energy management, SPV administration, strategic procurement and revamping solutions, storage and advanced reporting, with a particular focus on supporting energy-intensive companies in accessing energy tenders and incentives. 
Latitude is also active in the development of e-mobility nationally, with charging infrastructure powered by renewable energy and based on strategic technological partnerships that improve reliability, interoperability and service quality.
Based in the S/PARK green hub in Bologna and part of the FIMM Group, Latitude is now a key partner for the energy transition of investors, companies and energy stakeholders.

About FIMM S.r.l.
A holding and investment company headed by Giuseppe Mastropieri, a figure with twenty years of experience in the Italian energy sector and a strong academic and consulting background, member of the Executive Board and Regulatory-Institutional Advisory Board of Elettricità Futura.
In addition to its majority stakes in GreenGo, Latitude and REA, FIMM operates in the renewable energy and real estate sectors through investments in distressed assets and turnaround projects.
FIMM has recently launched a venture capital investment activity in start-ups, adopting an extremely demanding ESG approach in both the Italian fintech and clean tech sectors. 
Since September 2023, the Group's companies have been based at S/PARK – Sustainability workplace. The facility, conceived and designed by Fimm S.r.l., represents a significant redevelopment of an architectural site of artistic and urbanistic importance and is a benchmark for the Italian green economy, hosting the Group's activities and opening its doors to companies, professionals and institutions.

The structuring of the transaction was supported by highly specialised advisors:

• Parola e Associati, with partner Lorenzo Parola, for matters relating to contracts and the design of the aggregation model;

• RP Legal & Tax, with partner Alessio Totaro, for negotiation assistance provided to the aggregated companies and for civil law aspects;

• ADVANT Nctm, with partner Piero Viganò, for the management of delegated powers, the guarantee system and the overall intercompany Latitude-GreenGo contractual restructuring following the European Commission's Comfort Letter.