Eni, CDP Equity JV snaps up 110-MW wind portfolio in Italy

Image by Eni (www.eni.com)

March 2 (Renewables Now) - Oil and gas company Eni SpA (BIT:ENI) on Wednesday said its joint venture GreenIT has acquired four wind farms in Italy with a total capacity of 110 MW.

GreenIT, a joint venture between Eni gas e luce - Plenitude and CDP Equity, was created a year ago with the aim to add 1 GW of renewables in Italy by 2025.

In its first investment, GreenIT has now acquired the whole portfolio of Fortore Energia Group.

The portfolio comprises four wind parks, which were commissioned between 2008 and 2013, and have remaining incentives life of five years. The facilities will then be prepared for repowering to boost their installed capacity and productivity.

According to the announcement, the deal involves 55 wind turbines in a windy area in Puglia.

The joint venture also plans to develop and build greenfield projects.

Join Renewables Now's free daily newsletter now!

More stories to explore
Share this story
About the author
Browse all articles from Plamena Tisheva

Plamena has been a UK-focused reporter for many years. As part of the Renewables Now team she is taking a keen interest in policy moves.

More articles by the author
5 / 5 free articles left this month
Get 5 more for free Sign up for Basic subscription
Get full access Sign up for Premium subscription