Eni Acquires Three Photovoltaic Projects in Spain
February 18 2021 - 5:28AM
Dow Jones News
By Joshua Stein
Eni SpA said Thursday that it has signed an agreement to acquire
three photovoltaic projects in Spain with a total capacity of 140
megawatts, from renewable-energy developer X-Elio Energy SL.
The Italian oil-and-gas major said it will be responsible for
constructing the plants and commercializing the electricity. The
transfer of the projects, located in southern Spain, is subject to
customary authorization starting from the second half of the
current year.
Eni also said it is in talks for a larger strategic
collaboration with X-Elio to grow its renewable projects in Spain
by up to 1 gigawatt in the next five years.
The company didn't disclose financial details of the
transaction.
Write to Joshua Stein at joshua.stein@wsj.com
(END) Dow Jones Newswires
February 18, 2021 05:13 ET (10:13 GMT)
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