European oil giants such as BP, Royal Dutch Shell and Total have sharpened their focus on power, seeing it as the sector to build their businesses around as they reinvent themselves as clean energy suppliers. MILAN/MADRID: Europe’s biggest utilities Enel and Iberdrola saw the clean energy transition coming decades ago when others baulked at the […]
Italy’s Eni, CDP form joint venture to invest 800 mln euros in renewable energy
MILAN: Italy’s Eni and state lender Cassa Depositi e Prestiti (CDP) have formed a joint venture to invest around 800 million euros ($957 million) over five years in solar and wind energy production, they said in a statement. GreenIT, which is 51% owned by Eni and 49% by CDP unit CDP Equity, will target an […]
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 […]
UK-based Quercus to sell 320 MW solar, wind portfolio – source
MILAN : British-based renewable energy investor Quercus is looking to sell a 320 megawatt portfolio of wind and solar energy assets in Europe, a source familiar with the matter said on Monday. The assets, part of which are held in a joint venture with Swiss Life, are located in the UK, Italy, Spain and in […]
