Eni to Acquire 1.2-Gigawatt Renewable Portfolio in Spain
July 26 2021 - 5:39AM
Dow Jones News
By Giulia Petroni
Eni SpA said Monday that it has signed an agreement with
investment manager Azora Capital to acquire a 1.2-gigawatt
portfolio of nine renewable-energy projects in Spain.
The Italian oil-and-gas major said the portfolio includes four
wind farms for a total capacity of 230 megawatts and five solar
projects for around 1 gigawatt. Plants that are still under
development are expected to enter into production by 2024.
Eni signed the agreement through its subsidiary Eni gas e luce,
which is present in Spain through Aldro Energia Y Soluciones
SL.
Financial details of the deal weren't disclosed.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
July 26, 2021 05:39 ET (09:39 GMT)
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