Eni buys Solar Konzept Greece, owner of a photovoltaic plants’ development platform in Greece

Eni buys Solar Konzept Greece, owner of a photovoltaic plants’ development platform in Greece

(PRESS RELEASE) SAN DONATO MILANESE, 13-Jan-2022 — /EuropaWire/ — Eni (BIT: ENI), an Italian multinational energy company with focus on innovation, efficiency and accessibility for all, has announced the acquisition of the owner of a photovoltaic plants’ development platform in Greece. The deal is made through its subsidiary Eni gas e luce, which will become Plenitude later on this year, and the seller is Solar Konzept International which is majority owned by Aquila Capital, a sustainable investment and asset development company, based in Hamburg, Germany. The acquired entity owns a photovoltaic plants’ development platform in Greece and its portfolio includes a pipeline of projects at various stages of development, totalling around 800 MW.

Eni gas e luce has been operating in the Greek retail energy market since 2000 and now has around 500,000 customers. The deal marks Eni’s entry into the Greek renewable electricity generation market and is part of its plan to grow renewable capacity together with vertically integrated activities in the power retail business. This transaction is aligned to the company’s broader mission to become a leader in the production and sale of decarbonised products.

As of the end of 2021, Eni gas e luce has a 1.2 GW portfolio of renewable capacity in operation, with a target to install over 6 GW by 2025 and over 15 GW by 2030.

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SOURCE: Eni