Italian energy company Eni said Tuesday it marked a milestone in wave energy, making what it said was the world’s first connection of an offshore device to the grid of an island. A prototype development called the Inertial Sea Wave Energy Converter was connected to the grid on the Italian island of Pantelleria. The device […]
Eni, ADNOC ink pact to cooperate in renewables, hydrogen, carbon capture – EQ Mag
Companies to collaborate in reducing GHG, methane emissions They plan to hit net zero emissions by 2050 Eni is a major oil and gas producer in UAE Italy’s Eni and the UAE’s Abu Dhabi National Oil Co. have signed a memorandum of understanding to explore collaboration in the development of renewable energy, blue and green […]
Eni Adds Six Banks for IPO of $11 Billion Renewables Unit – EQ Mag Pro
Eni SpA has picked six more banks to work on the initial public offering of its retail and renewables unit Plenitude, which could be valued at about 10 billion euros ($11.3 billion), according to people familiar with the matter. The Italian energy giant has hired Barclays Plc, Bank of America Corp., BNP Paribas SA, Deutsche […]
Eni acquires Greek solar developer – EQ Mag Pro
Solar Konzept Greece is the owner of a 800MW portfolio of projects at various stages of development. Eni, through its subsidiary Eni gas e luce, has acquired the company Solar Konzept Greece from Solar Konzept International. Solar Knozept international is based in Hamburg, Germany and is majority owned by Aquila Capital. Solar Konzept Greece is […]
Eni to Sell Stake in Gas&Power Retail, Renewable Unit in IP
Eni SpA will sell a minority stake of its Gas&Power retail and renewable businesses in an initial public offering. The Italian oil giant will keep a majority stake in the unit following the IPO which is expected to be completed in 2022, it said in a statement Thursday. Eni said in April it was reviewing […]
EGYPT: Italy’s ENI Diversifies, Will Produce And Export Green Hydrogen
The oil group ENI has just signed an agreement with the Egyptian authorities for the production and marketing of hydrogen produced from renewable energy sources. The agreement is part of the Italian energy group’s strategy to diversify its activities. The rush towards green hydrogen continues in Egypt. The ENI group, which specialises in hydrocarbons, is […]
Eni Signs Deal For Hydrogen Production in Egypt
The move is part of Eni’s major overhaul launched last year to transition into renewables and taper off its oil and gas output. Eni, state-owned Egyptian Electricity Holding Company (EEHC)and Egyptian Natural Gas Holding Company (EGAS) signed a deal to asses the feasibility of producing hydrogen in Egypt, the Italian energy group said in a […]
Eni to grow green footprint in Spain after buying three solar power plants
The plants have a total installed capacity of 140 megawatts (MW), Eni said, adding it was in talks with X-Elio to develop more renewable energy projects in the country to reach 1 gigawatts (GW) over the next five years. MILAN: Italian energy group Eni has agreed to buy three solar power projects in Spain from […]
Equinor powers ahead with floating wind turbines despite oil crash
The long-planned project is going ahead despite Equinor’s decision to cut investment following a plunge in oil prices that has reduced the company’s cash flow. OSLO: Norway approved on Wednesday Equinor’s 4.8 billion Norwegian crowns ($466 million) plan to build floating offshore wind turbines that will provide electricity to North Sea oil and gas platforms, […]
Eni signs deal to bid for wind contracts
Eni and Mainstream Renewable Power, a wind and solar development company, have agreed to develop large-scale renewable assets, targeting high-growth markets for both companies. The Italian oil and gas major, which had net sales of €75.8 billion last year, and Mainstream will collaborate on the potential development of power generation from renewables across Africa, Southeast Asia and […]