EIB grants €225 million to Iren for circular economy and energy-efficiency push

An announcement from Iren S.p.A. ( (IT:IRE) ) is now available.

The European Investment Bank has granted Iren a €225 million loan to support its 2025–2028 investment plan aimed at modernizing urban waste management and improving energy efficiency in public and private buildings across Italy. The program will fund new collection infrastructure, facilitate Pay-As-You-Throw tariff systems and back efficiency upgrades in social and care facilities run by non-profit organizations.

According to EIB estimates, the measures will cut primary energy use by about 6,800 MWh annually, generate roughly 1,400 MWh of renewable power and reduce waste generation by 50,000 tonnes per year while boosting separately collected waste for recycling or biomethane by 220,000 tonnes. The financing strengthens Iren’s role as a key sustainability-focused utility in Italy, aligns with its transition plan to 2040 and fits into the EIB’s broader strategy of supporting Italian utilities’ infrastructure investments and environmental goals.

The most recent analyst rating on (IT:IRE) stock is a Buy with a EUR3.00 price target. To see the full list of analyst forecasts on Iren S.p.A. stock, see the IT:IRE Stock Forecast page.

More about Iren S.p.A.

Iren S.p.A. is a leading Italian multi-utility in north-western regions such as Piemonte, Emilia Romagna and Liguria, with activities extending to Toscana and other areas. It operates in electricity, gas, district heating, energy efficiency, integrated water, environmental and technological services, pursuing a ten-year strategic plan focused on ecological transition, local development and service quality, backed by €6.4 billion of planned investments by 2030.

Average Trading Volume: 1,450,890

Technical Sentiment Signal: Buy

Current Market Cap: €3.3B

See more data about IRE stock on TipRanks’ Stock Analysis page.