ENI Completes Acquisition of Solar Project in Australia
February 05 2019 - 6:18AM
Dow Jones News
By Cristina Roca
ENI SpA (ENI.MI) has completed the acquisition of a solar
project in Australia, thus entering the country's renewables
market, it said Tuesday.
The Italian energy company said it has bought a
construction-ready solar photovoltaic project near Katherine, in
the Northern Territory, from Katherine Solar Pty Ltd--a joint
venture between Epuron and Island Green Power.
Construction should start in the next few weeks and commercial
operation should begin in the fourth quarter of this year, ENI
said.
Epuron will be actively involved in managing the farm once it is
operational, ENI said.
Write to Cristina Roca at cristina.roca@dowjones.com;
@_cristinaroca
(END) Dow Jones Newswires
February 05, 2019 06:03 ET (11:03 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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