Eni Subsidiary signs agreement on eight solar PV projects in Italy
London, 08 January 2024, (Oilandgaspress): – GreenIT, the Italian renewable energy joint venture founded in 2021 by Plenitude (Eni, 51% ownership) and CDP Equity (CDP Group, 49% ownership), has signed an agreement with Galileo, the pan-European renewable energy development and investment platform, for the realization of eight photovoltaic projects, totalling approximately 140 MW, across three regions in Southern, Central and Northern Italy.
Once in operation, it is estimated that the plants will be able to cover the electricity consumption of over ninety thousand1 households2, thus contributing to Italy’s decarbonisation targets of the 2030 National Integrated Energy and Climate Plan and its energy transition.
The beginning of the plants’ operational phase is scheduled within the timeframe of the 2023-2027 Industrial Plan approved last April by GreenIT, which forecasts total investments of EUR 1.7 billion (including capital already committed) with the goal of reaching an installed capacity of 1,000 MW. The initiative is in line with GreenIT’s strategy, which also includes the development and construction of greenfield plants, the construction of authorised projects, the repowering of operational plants at the end of their life cycle with the aim of extending and enhancing their production capacity, and the development of offshore wind projects.
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