eni

Oil group Eni and Italian state lender Cassa Depositi e Prestiti (CDP) have created a joint venture (JV) that will invest more than €800 million in Italy’s renewables sector by 2025.

Italian oil major Eni has made its first renewables investment in Spain, securing a deal to acquire three PV projects from local developer X-Elio.

Italian oil major Eni has bolstered its exposure to clean energy in the US after its Falck Renewables-led joint venture acquired project developer Building Energy US.

Crash of crude prices as virus tightens global grip may create challenges for firms relying on oil revenues as they finance a shift to green energy, IEA warns.

Italian giant's new climate strategy leans heavily on dramatic renewables ramp-up and on company reaching peak oil and gas production within five years.

The World Bank-backed programme will support the development, tendering and financing of a 60MW PV project duo in the West African state.

Greek firm is also working on hybrid projects in Tunisia and Nigeria.

Eni has started building a 10MW project in Tataouine, in the south of Tunisia, having started work on another 5MW plant in the same region in March.

Both projects will contribute to cutting down on gas use at existing turbines, while the Tunisia system will be combined with battery energy storage.