📋 Tender Overview
Reference: 20250232
Release date: 8 September 2025
Promoter – Financial Intermediary
IREN SPA
Location
Italy
Description
The operation supports the Promoter's 2024-2028 investment plan in circular economy and energy efficiency sectors. The project entails investments in municipal waste collection infrastructure, including containers, vehicles, and recycling civic centres. It also supports the transition from a street-based waste collection model to a door-to-door system, alongside the implementation of technologies to ensure traceability of waste collection and increase the rate of waste segregation at source. Additionally, the project includes targeted investments in energy efficiency measures that will contribute to reducing the energy consumption of buildings.
Objectives
The aim is to support investments that promote the transition to a circular economy and enhance energy efficiency in Italy. The project is aligned with the sector priorities of both the EU and the EIB's in waste management and energy, as well as with the EIB’s Climate Action and Environmental Sustainability (CA&ES) lending objective, particularly climate mitigation and circular economy. Additionally, the project meets the Paris Alignment criteria and supports the EU Circular Economy Action Plan and the European Green Deal. By improving source segregation and efficient collection of waste, the project will contribute to meet the EU and country targets for diversion of waste from landfills and materials recycling in line with the requirements in the Landfill Directive 1999/31/EC and Waste Framework Directive 2008/98/EC, as amended. The energy efficiency measures comply with the Energy Efficiency Directive, applying the "energy efficiency first" principle, and with the Energy Performance of Buildings Directive. By targeting key market failures, the Project helps address unaccounted positive externalities, such as the environmental benefits of source segregation of waste, underinvestment in recycling and circular economy initiatives, energy savings, reductions in carbon emissions, and improvements in air quality. It also contributes to long-term financing solutions to overcome the challenges of high upfront costs and extended payback periods. The project complies with Article 309 point (c) of common interest.
Sector(s)
Energy - Electricity, gas, steam and air conditioning supply
Solid waste - Water supply; sewerage, waste management and remediation activities
Proposed EIB finance (Approximate amount)
EUR 225 million
Total cost (Approximate amount)
EUR 420 million
Environmental aspects
Investments in waste management will increase the recovery of materials, thereby decreasing the volume of waste sent to incineration or landfill. This supports compliance with key EU directives in the waste management sector, notably the Waste Framework Directive (2008/98/EC, amended by Directive (EU) 2018/851), the Landfill Directive (1999/31/EC), and the Packaging and P
