Plenitude acquires 49% stake in Sandrini solar-plus-storage portfolio

Facebook
Twitter
LinkedIn
Reddit
Email
An EDP Renewables North America project.
EDP commissioned the Sandrini I and II projects in the fourth quarter of 2024. Image: EDP Renewables North America.

Italian renewable energy company Plenitude has acquired a 49% stake in the 300MW Sandrini solar-plus-storage portfolio in California from EDP Renewables North America.

Plenitude, a subsidiary of oil major Eni, completed the deal through its US subsidiary, Eni New Energy US, for the portfolio, which consists of three projects: the 200MW Sandrini I project, the 100MW Sandrini II project and a co-located battery energy storage system (BESS), all of which share a grid connection. The company noted that the closing of the transaction is subject to customary approvals.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

“Through this transaction we position ourselves in the California market, one of the most relevant for the development of renewables, further diversifying Plenitude presence in the US and confirming our commitment to invest in electric storage systems,” said Plenitude CEO Stefano Goberti. “Thanks to this acquisition we reach a total installed capacity in the country of about 1.7GW”.

Plenitude commissioned the Sandrini projects in January, and is currently completing construction work on the portfolio’s storage component, which it expects to commission this year. The company has already signed 15-year power purchase agreements (PPAs) to sell power from the Sandrini I and II projects to oil and gas major Shell and the Redwood Coast Energy Authority, a Californian community choice aggregator, respectively.

The Sandrini portfolio will form part of Plenitude’s plans to expand its global footprint to include ownership of 8GW of installed renewable energy capacity by 2027. The company has made headway at a number of projects in Spain, in particular, in recent months, including starting construction at a 220MW project last October and announcing a 850MW portfolio with Avintia Energía last May.

Solar Media will host its annual Solar Finance & Investment Europe event in London on 4-5 February 2025. This event annually attracts infrastructure funds, institutional investors, asset managers, banks and development platforms at the forefront of European renewables; the vast majority of which are responsible for billions in active and prospective investments in the Europe’s energy transition. For more details, visit the website.

11 March 2025
Frankfurt, Germany
The conference will gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing out to 2030 and beyond.
3 June 2025
Messe Stuttgart Stuttgart, Germany
Meet battery manufacturers, suppliers, engineers, thought leaders and decision-makers for a conference and battery tech expo focused on the latest developments in the advanced battery and automotive industries. Stay plugged in for all the latest information on The Battery Show Europe 2024 including: Keynote Speakers & Conference Overview Show Features Floor Plan & Exhibitor News Travel & Transport information
17 June 2025
Napa, USA
PV Tech has been running PV ModuleTech Conferences since 2017. PV ModuleTech USA, on 17-18 June 2025, will be our fourth PV ModulelTech conference dedicated to the U.S. utility scale solar sector. The event will gather the key stakeholders from solar developers, solar asset owners and investors, PV manufacturing, policy-making and and all interested downstream channels and third-party entities. The goal is simple: to map out the PV module supply channels to the U.S. out to 2026 and beyond.
7 October 2025
San Francisco Bay Area, USA
PV Tech has been running an annual PV CellTech Conference since 2016. PV CellTech USA, on 7-8 October 2025 is our third PV CellTech conference dedicated to the U.S. manufacturing sector. The events in 2023 and 2024 were a sell out success and 2025 will once again gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing in the U.S. out to 2030 and beyond.
25 November 2025
Málaga, Spain
Understanding PV module supply to the European market in 2026. PV ModuleTech Europe 2025 is a two-day conference that tackles these challenges directly, with an agenda that addresses all aspects of module supplier selection; product availability, technology offerings, traceability of supply-chain, factory auditing, module testing and reliability, and company bankability.

Read Next

February 13, 2025
A report from CEA says that the impact of the new Republican administration on the provisions under the IRA remains “uncertain”.
February 13, 2025
Chinese solar manufacturers LONGi and Jinko Solar, along with Indian PV manufacturer Waaree Energies, have been named in a series of patent disputes filed in China and the US.
February 13, 2025
The announcement comes just days after the Trump administration announced plans for a 25% tariff on steel and aluminium imports.
February 12, 2025
Damaging hailstorms can occur frequently across states like Texas and Illinois which have become major utility-scale solar markets.
February 12, 2025
The projects will be developed by Sun Tribe Development and ENGIE across the US states of Virginia, Tennessee and Kentucky.
February 11, 2025
Located in the solar hotbed region of Atacama in northern Chile, the Domeyko project will have an 83MW solar PV capacity and 660MWh battery energy storage system (BESS) capacity.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
February 17, 2025
London, UK
Solar Media Events
February 19, 2025
Tokyo, Japan
Solar Media Events
March 11, 2025
Frankfurt, Germany