Saturday, October 16, 2021
DOWNLOAD THE WOMEN IN ENERGY GLOBAL STUDY 2.0
HomeEnergy Live NewsEni launches joint venture to pour €800m into renewables

Eni launches joint venture to pour €800m into renewables

Italian energy company Eni and lender CDP Equity have formed a joint venture to invest €800 million (£685m) in renewables.

Named GreenIT, the venture aims to produce energy mainly from photovoltaic and wind power plants and reach an installed capacity of approximately 1GW by 2025.

Eni is set to have the majority share of the enterprise.

Giuseppe Ricci, General Manager of Eni’s Energy Evolution, said: “This new joint venture is part of Eni’s strategy for the energy transition and contributes to the acceleration of our transformation process towards green energy and renewable sources.

“With this in mind, thanks to the partnership with CDP, our commitment to decarbonisation becomes increasingly concrete, to achieve the objectives of the United Nations 2030 Agenda, it is essential to create a system at a country level and to pool together investment and know-how opportunities.”

Energy Live Newshttps://www.energylivenews.com/
This article first appeared on ENERGY LIVE NEWS. Energy Live News (ELN) is a multi award winning independent publishing and events company. We are the UK’s leading dedicated daily news site covering energy. We make energy issues easy to understand and appeal to both the b2b sector and general consumer. We are independent, fair and outspoken in our coverage and we aim to be the place to come to for easy to understand energy news. We have won awards for our journalism. ELN also has an events arm which is also multi-award winning with industry leading conferences and awards. Our flagship conference is ENERGY LIVE EXPO, which is the must-attend event of the year and is regularly headlined by Energy Ministers and CEOs from across the sector. And our ENERGY LIVE CONSULTANCY AWARDS which won Best New Awards Event 2017, is now the gold standard accolade for UK energy broker market. Hit the web and social links below to visit Energy Live News across the web.
- Advertisment -

Most Popular