Energy major Shell has acquired 100% of PV project developer Solar-Konzept Italia (SKI), taking its solar development pipeline in Italy to around 2GW in the process.
Italian oil major Eni is planning an initial public offering (IPO) of its renewables, retail and mobility units that will scale up solar capacity as part of a clean energy push.
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 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.
